George, all I can say is t/a indicates a retrace is
not a problem, given the probable rotation these type stocks will get in the next few months. There is more to the Playco story than what is on the face, and that is who owns what, why, and what will be done with the converts.
Of course, it is a bb, so all the usual caveats apply.
As an example, 12 or so months ago, I posted on the Rande fishin thread about NWRE and NWREW. At the time, NWRE was a beat up stock, and not many understood what a thin client was, and then came Linux, and people started to figure it out, and if I remember right, it was also in the bb jail at that time. Take a look at the 52w range, a 900% gain, and I think there was more with the warrant, can't remember. My point is simple, and that is buy 'em when things look the worst, and sell when they look the best....like soybeans...very, very big moves the last few days in the bean futures...and if you are long, whopppeeee..
RFIL looks real good. Do you expect earnings to be good? |
