Rite Aid Corp (RADCQ)

[Odessa99]

Excellent example, farooq. As AMD demonstrated (and as I expect Rite Aid will demonstrate in the coming days) is that stocks that have gone down for a long time continue to go down, until they don't. In other words, after a long period of selling, most observers (if not all) are convinced that it will never again go up. But then, one day, they do go up. And when they do, they don't go up just a little bit. They often surprise all with a mega-move of at least several hundred percent.

The one point that I differ in opinion is t=the one regarding a possible Rite Aid bankruptcy. If you check how Sears reacted immediately followibng the voluntary petition for chap 11 restructuring, the stock entered a nice run. This often occurs after the selling exhaustion, where there is sort of a relief rally upon bk filing.

As always, simply my opinion.

RAD

If they have 3 Cents earnings they can jump to above 1$ in no time even with charges they are going to post.
Market goes to extreme that is what happening here.
In 2016 AMD traded around 1.80 no hope went down from 40 today 27.95$.
Yes if bankruptcy is happening than off course all bets are off.
This price like long term option. Only negative is if they sell themselves too early. They can have 2600 walk in clinic and they will trade at 50$ with in 3 year period. They could have affordable insurance for non catastrophic illnesses.
Big money makes money both ways.
This CEO was a crook.