RAD

[Pekelo]

If you want entertainment on RAD:

https://www.reddit.com/r/wallstreet..._and_walgreens_agree_to_terminate_merger_per/

1500 comments, now that is a thread...

 

[newwurldmn]

Yeah ya know.... they say when somebody is drowning they'll grab hold of anything.
It'll be very interesting to see how this plays out.
I'd imagine a lot of today's volume was arbs running for the exits. There's a lot of big players holding this thing. http://www.nasdaq.com/symbol/rad/institutional-holdings

You can bet this weekend will have some secret phone calls/rounds of golf.... I expect strong media bias to the "buy" side next week. Those 7/28 $3 calls at .17 (possibly less tomorrow) might be a good lottery ticket.

I think the arbs were already out. The rally from 3 to 4 was a short squeeze. And the shorts piled back in.

I agree that the vol is too cheap (from a qualitative perspective)

 

[beerntrading]

Just picked up some 8/18 $3 calls for .19. Have 2 conditional close orders set up on this one. This will be an all or none (I might close at my discretion when back from vacation).

 

[vanzandt]

Evercore downgraded Rite Aid this A.M. to underperform.
These guys are good.
https://www.streetinsider.com/Analy...(RAD)+to+Underperform,+$2.50+PT/13061359.html

 

[beerntrading]

Evercore downgraded Rite Aid this A.M. to underperform.
These guys are good.
https://www.streetinsider.com/Analyst+Comments/Evercore+ISI+Reinstates,+Downgrades+Rite-Aid+(RAD)+to+Underperform,+$2.50+PT/13061359.html

If only they'd told us that two days ago!!! (or told your buddy that )

 

[vanzandt]

If only they'd told us that two days ago!!! (or told your buddy that )

I'm pretty sure they'll downgrade CARA on Monday.
Hey good job on those calls btw... it looks like you're up 40% if it holds.

 

[beerntrading]

I'm pretty sure they'll downgrade CARA on Monday.
Hey good job on those calls btw... it looks like you're up 40% if it holds.

Lovin' that chart too. Lots of bullish pressure on that one today.