SwingTrade Member Forum

[Rawnoc]

RHD -- new pick (idea by Mike)....been buying .30-.33

RHD -- Why I think RHD could double, triple, or more from here for a SWING trade:

(1) Way oversold. Down 99%. Trading like it's going bankrupt but our research indicates that's not happening any time soon. Looks like a juicy January effect play.

(2) They have been operational cashflow positive each and every quarter. Very much so -- well over $1/share per quarter.

(3) Insiders have been buying:
http://finance.yahoo.com/q/it?s=RHD

(4) Huge short position and short ratio:
Short Interest (Shares Short) 13,020,000
Days To Cover (Short Interest Ratio) 17.8
http://shortsqueeze.com/?symbol=rhd

(5) A hedge fund has been taking a HUGE stake in the company down here, now the 3rd largest shareholder loading millions of shares:
http://triangle.bizjournals.com/triangle/stories/2008/11/24/daily25.html?ana=yfcpc