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Good move in market so far this week. I am in RDRT at these levels as one of my 'parking' stocks, ie not much downside, also have been using NSM and PLAT to this end. Believe RDRT will take some time to recover and may move in and out to take advantage of more timely opportunities. However, as was shown by PLAT today this creates risk as 'parking' stocks can surprise. Sadly, I was mostly out of PLAT. Had a major position a while back to catch the 'bounce' on the crash down from 20s. Took positions in RDRT CATP & PGNS to early, darn. While unlikely in the case of RDRT for a buyout, like PLAT, something positive could happen at these levels to make you whole again. Frankly I am thinking this may be a serious bargain for a 3 banger given the right conditions, no one wants RDRT, and the DD stocks are suspect in my opinion, especially MXTR, with the stock overhang from the parent company, but who knows? |
