TSXV:RHT.H - Post by User
Post by
mulinekon Jun 13, 2018 5:31pm
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Post# 28168457
Reading Charts - last post
Reading Charts - last postFew days ago I placed sell orders at 1.74/1.75. After yesterday’s bullish move and bids today at 1.72 I was sure I would have my orders filled. Especially considering a new PR and possible positive BNN message. It didn’t happen. Traders knew in advance about PR and were buying for previous 2 days just to sell for the profit. I couldn’t find stupid enough investors to take my shares from my "weak hands" into their “strong ones”. Too bad for me but good for them.
Market is not waiting for resolution of the hardware problem. Market wants current and future situation clear. Earning for 2nd quarter will be affected and it will spill into 3rd quarter as well. Market needs solid message how company will grow earning 3rd quarter and 4th. And better have fiscal year ending with EPS > 0 or at least breaking even.
Stock is weak and will stay weak for a while longer than most of you would like it. Multiplying number of clients by $50 fee and 0.85 margins coming with $10 price is grade 5 exercise. There are few members here who make sense but generally board became totally useless. Someone asked me to “Read Charts” just for myself and I’m willing to oblige. No more useless charts and gibberish talking.
Happy Trading