Unless Rite Aid (RAD) has a huge deal to announce
Post# of 86993
(Total Views: 303)
Posted On: 04/09/2019 11:49:16 AM
Unless Rite Aid (RAD) has a huge deal to announce on Thursday - it looks like RAD will need a 20/1 Reverse Split.
https://finance.yahoo.com/quote/RAD/holders?p=RAD
All the institutions holding huge blocks, will get "slaughtered" with a 20/1 RS and always after a R/S we see shorting and dumping and price very often goes to 50% of the post split value i.e. RAD would become $11 post split and very quickly will be $5.50 as people dump and the shorters make a "killing".
RAD needs to announce "something huge" on Thursday to prevent a R/S and the Holders of huge blocks need a RAD Rescue and NOT a RAD R/S
Lets see if RAD has a "trick up it sleeve" and if it has the "trick", the "trick" = UNVC
All my own opinion
https://finance.yahoo.com/quote/RAD/holders?p=RAD
All the institutions holding huge blocks, will get "slaughtered" with a 20/1 RS and always after a R/S we see shorting and dumping and price very often goes to 50% of the post split value i.e. RAD would become $11 post split and very quickly will be $5.50 as people dump and the shorters make a "killing".
RAD needs to announce "something huge" on Thursday to prevent a R/S and the Holders of huge blocks need a RAD Rescue and NOT a RAD R/S
Lets see if RAD has a "trick up it sleeve" and if it has the "trick", the "trick" = UNVC
All my own opinion
(3)
(0)