I despise RSH but somehow, didn't even have to look at a chart, I knew it was going to 1.50 today. This from much lower. Sometimes gut trumps logic.
Stock777 I had the October $1.5 Puts I closed them out when the stock hit $.59 and refused to break past $55, it was a warning to close out those expensive Puts. I thought RSH was dead because the debt rate is incredibly high, my buddy who is the Dr. Leopold Bernstein of Financial Analysis called this "Dead" back in April 2014, I thought we would hit BK by Oct 2014 and now with a cash-infusion, are they another Molycorp or ARO? As you always say, "its hard to allow a stock to run it's full course before pulling the trigger", I was not going to wait for RSH to hit $.01, these pieces of garbage burn through their cash, find ways to linger after a long drawn out death. Today would have been awesome to Day Trade but I was too busy with the MLPs, Biotech and Organic Foods Power stocks. Are you going to step in to my forte of Penny Stock Trading, I thought you despised Penny Stock Trading? When did you start trading Penny Stocks Sir777? I thought they remind you of Timmy Sykes and avoid them, did you change your premise?
RSH is exchange listed, not a 'penny'. Sykes buggers OTC swill And I never recall claiming not to trade anything, except fantasy crap like bitcoin Speaking of which, Baron could sell the list of posters to the crypto threads to swampland salesman for big $$$. I get 10% of the take for the idea.
it depends on your definition of penny stock. anything under $1.00 in the US qualifies, including ones that trade on the nyse.
Anyone mind letting me in on what caused RSH to rally so well? I'm new and I see that it started it's upswing on August 25th and stayed strong all the way til present. Is there a way to go back and see news blips on August 25th to find out what caused it? Just trying to learn from it. Thanks in advance!
i really shudda bought those puts i was staring at. oh well. shame i cant share this realtime, they just dont pay enough here.