Too quiet at the website -- I agree.
I don't know what is going on with RAPT. This week they are supposed to be getting a big award at the InterOp conference in Atlanta, and you'd think their PR person would be making a big deal about it. (Maybe they fired their PR person?) No news has definitely been bad news.
Generally, RAPT has been in a bear market since April. I am starting to wonder if there is a support level forming at $13-14, or if it is still going to go lower. I try to look at the intraday chart at Lombard when I can, and, in general, the 5000+ shares trades have been sales for months. Today, though, there was a 15,000 share trade followed by a 40,000 share trade, but I can't tell from the graph if they were both purchases or if the bigger trade was a sale. RAPT will start to rise when the bigger money people start buying it.
Ed A. |
