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Bullboard - Stock Discussion Forum RuggedCom Inc T.RCM

TSX:RCM - Post Discussion

RuggedCom Inc > Prediction!
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Post by derekcs on May 22, 2009 12:39pm

Prediction!

I'm going out on a limb and saying that RCM gets a takeover offer this weekend. It traded 8 times as many shares as it usually did yesterday and despite great numbers and a very postitive outlook this thing is dropping again today. Making it about %17 the last two days. Cisco is comin' a knockn'!!!!!!!!!!!!!!!!!!!!!!!!GLTA
Comment by mjc1962 on May 22, 2009 12:57pm
Please explain why shares would be going down due to takeover( I am new to investing).
Comment by derekcs on May 22, 2009 5:58pm
MM artificially dropping the price to accumulate shares. Yesterday there wa over 8X the volume traded. FUnny thing is that it came on a day where there was outstanding news on their quarter, yet the stock was down 13%. It just seemed odd to me. Granted the whole market was down yesterday but you would think that today it would have rebounded and it didnt. Furthermore everyone came out today with ...more  
Comment by lr7 on May 26, 2009 8:40am
mjc, you may be new to investing, but I'm sure you know more than some of the bs'ers on boards like this.The shares of RCM are down for a simple reason.  Last quarter RCM had spectacular results.  This quarter it didn't.  Nothing wrong with growing net income by 49%, but it pales by comparison with the 193% growth in net income the previous quarter.  ...more  
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