RCI Hospitality Holdings Inc (RICK)

[Nikodemos]

Yes B (per PM), you'll see WHEN I SOLD by my comments & CHART!!

Now, we'll see what's UP NEXT. Will the $70 (6-mo bottom per charts) hold (on the retrace)? I'm going to guess that AS OF THIS WRITING, the retrace will be DEEPER. As people start LOSING PROFITS, they tend towards PANICKING & selling soas NOT to miss out on their gains! The momo trend will be IMV downward in the near-term....

The stock KEPT CLIMBING, & that can only be sustained for so long -- without a SERIOUS MARKET DRIVER (like HUGE sustainable PROFITS). With inflation on the rise, it SHOULD CUT INTO disposable income & SO I predict(ed) -- privately -- that stocks like this would have the KINDS OF HEADWINDS that lead to a retrace. Not ALL sin stocks (tobacco, alcohol, cheaper "luxuries" that HAVE NOT had these kinds of gains!) are worth looking into...

The ONLY thing to watch HERE now is how LOW will this retrace. At some point the risk of buying & supporting has to outweighed by the PROFIT potential. That, in my view, is NOT the case here. This is a stock to SHORT in the near-term BECAUSE of the economics, inflation, disposable income, trend, risk, etc.. I'd GUESS that it breaks DOWN THROUGH $70 sometime in the next 3-6mos before it a bottom can be identified as a GOOD RISK-REWARD set-up.

Been doing this a LONG TIME. From a probability standpoint I think the stock sinks lower... But,.. TIME WILL TELL: ALWAYS DOES!! GLA