Post by indoubtgetouton Aug 19, 2020 3:04pm
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Post# 31430090
Where is Amazon?
Where is Amazon?Certainly not reflecting any AMZON interest today. Fast money is GETTING OUT. Generally not a good sign as how it trades today. Also, if AMAzon was interested in investing in RXT, they have had plenty of time to make an announcement. Looks to me this was a false rumor just to get some buing interest in RXT so that IPO losers, its main shareholder, could have the liquidity to dump extra stock. I'd say that RXT is a sell short term. RXT may have a long term investment appeal but it was taken private, repacked three years later and then Apollo IPO's it. Apollo still owns about 65% of RXT....they of course are hoping that RXT eventually trades higher to sell more stock than the IPO price of $21 but who knows? RXT still not profitable after many years - its a very hot and speculative market which gave Apollo the opportunity to start getting out of RXT. Again, based on the way RXT is trading, it should be over $20 if an AMAZON deal was REALLY in the works. All just unverified rumors at this poiint.....SHOW ME THE STEAK!