RE:RE:RE:WHY I AM "CAUTIOUS " IN ADDING MORE AT THIS PRICEAnd you were expecting koom bi ya?
The markets are taking a beating and now RHT is getting hit along with it. Maybe there is something more wide reaching out there inthe overall markets to drop and that is causing the fear but time will tell.
RHT bucked the initial drop on the TSX but is now tracking it. the tech FANGS are getting a beating. Fear is starting to take hold here. So I think you got the right conditions for your call and maybe a bit of luck but it still did go further down than many thought.
Short term support of 1.70 still stands but can it go lower? you bet. Depends on what is what for the company. See what the update brings and we will also see how many warrants are converted as well. The volume has picked up here but also people selling as well.
Either the fundamentals have changed or we are simply riding the wave down in the global markets and mayhe some issue out there is supporting that decline. Personally its the correction in the markets that is over due by years.
TSX looks really bad for Bulls. And thus unless we get some confirmation on what is what from RHT I don't see a rip up bounce. No $2.10 by friday unless they tell us there are way more people signing on.
TSX Chart with RHT comparison RHT Chart Link