Savvy Trades and Investments

[wadegarret]

bbotcs, RGP

I just want to say, that although a large % of stocks have not been rewarded for good earnings and guidance for months now, that this could change at any time. I mean, after looking at many beaten down stocks this weekend, I am feeling it's possible many of these stocks have simply been doing technical corrections ie Fibonocci retracements of the huge gains they made from March 2020 till around March 2021. Anyway I started buying RGP on friday, despite the huge selloff that happened as I said would likely happen. Thing is, there's no way to know where the stock goes from here. I guess I think RGP is worth a shot, even though I've been getting burnt for months now. I mean it was a great report and strong revenue guidance for the Sept qtr, with a PE appearing to be only around 10 going forward, and they pay a nice dividend.