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RuggedCom Inc T.RCM



TSX:RCM - Post by User

Comment by maoaeon Aug 05, 2009 9:54pm
727 Views
Post# 16194746

RE: RE: any news why are share prices on rcm lose

RE: RE: any news why are share prices on rcm loseI don't think it is as bad as it looks. Hard to predict the market reaction. I hope for the best but brace for the worst. Look at Yamana yesterday. Net profits down 77% .Today shares down 2.8%. Even got an upgrade from Scotia. Those bad quarters are sometimes expected and priced in the shares.  RCM shares have come down since their high. RCM is hardly a stressed company. Lots of cash. Great margin. Decent backlog. Increasing customers base. I am not going to panic and sell market at the open but i expect a bit a selling pressure fueled by shortselling.
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