I2,
The sideways movement that you noted in the chart link could speak to why RBD is now ranked 6 out of 7 companies in their industry...but, on the bright side, the lack of volatility is particularly good for doing writes if you don't want to exit the position. Surely sideways movement beats downward movement any day of the week! Overall, as I mentioned a while back, I like this company and think their future is solid.
<<I certainly see you point about the resistance at $30. What does a chart like that mean to you?>>
I trade shorter term. To me, the chart says, "SELL ME, SELL ME, SELL ME & TAKE PROFITS!" lol
I2, you must decide whether your goal was to sell on earnings for a quick profit after bottom fishing, or to hold for future growth with a comfortable basis (possibly adding to the position on pullbacks).
LMK what you decide, and good luck!
:),
V. |
