GREY:RDEMF - Post by User
Comment by
shloon May 08, 2016 1:47pm
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Post# 24852066
RE:RE:RE:RE:RE:RE:gaps?
RE:RE:RE:RE:RE:RE:gaps?Gold Diggers1- Excellent post. You poured salt on my wounds, I sold TGM a day after the announcement for 52 cents. Ouch. (Well I bought them between 18-24 cents so it wasn't that bad, and I bought with it DV.V which was at the time 15-17 cents so I ended up ok).
I am not sure that RD will be acquired soon. They are owned by Liberty Metals and another big firm which I can't remember, and they are not likely to sell because indeed in the mid- long run they are going to double or even triple- I agree with your (conservative) calculation.
I was stupid not to buy RD on the gap. Could I guess it? I am not that smart. Now I have an order on limit of 56 cents because I am afraid of a correction. I need the money, it helps me with my family budget and I must be prudent, therefore I have one eye constantly watching the risk factor.
Again, I think we both agree upon the future but I want to hedge for a likely correction in the next few weeks.