My broker and his firm like RDRT. Maybe they know something I don't, but it look to me like RDRT has one type of product and that many of other companies, bigger companies are making the same product, like IBM, and Seagate. I don't see why this company, one can go out of business, or be bought out. I bought into this company on my brokers recommendation. I don't think he knows what he is talking about when it comes to this company. RDRT just lost WDC business to IBM. I didn't feel right when I bought it but I kind of made a rushed decision. I will never do that again.
On the positive side, once the market recovers you will get a rise in RDRT, just like a week ago when it hit 9 /14. Should have sold then. This market is going to be rough for a while. It cannot go straight up. I would sell on the next rise, and then buy back when it hit's back to these levels again.
Personnaly, I sold at 8 1/4, and bought into Seagate. Seagate is waaaaaayy oversold and the future looks alot brighter for it than RDRT. |
