Sam, you do not get a 40 MM shares day for hype only. I am speculating that RDRT has more than just samples (probably provided with VECO's help, and even at VECO's facilities), Tyco, would not step to the plate without a very strong suit of pending qualifications. Technically, as long as the stock holds above $7, it is very bullish. I am not in right now (I got out today while the getting out was good), but I am planning on a reentry if the volume slows down. Right now, I do not think RDRT is going to be valued based on "profits expectations", but rather on FO hype, very much like the supercon filter plays. If you look at the chart of CDTS and SCON earlier this year, you can see an example of what "might" happen just based on "vaporware". Since there is no fundamental way to value RDRT right now *except putting on it "no value"), if you want to play this risky game, you'll have to rely on technical behavior. In this respect, after a huge volume day like today, you can expect a retrenchment, but it is difficult to determine what level, I have the level just above $7.75 as the rational gap filling retrenchment, but the decline to that level may take few harrowing up and downs, thus, I am going to play the "range with tight stops.
Good luck to those brave souls venturing into this game. Stitch, are you getting into this maelstrom? It is not too late (g).
Zeev |
