RHAT : Good Rebound Play ??

Of course, some of you who played the bounce on RedHat made some coin. Congratulations.

The point is, however, the bounce doesnt always happen according to plan. Sure you made some cash now, but later on things might be different with another company and you might just take a loss.

I would take each bounce play case by case. There are stocks that take a dump each and every day. You can see them on a screener. I wouldnt feel like I missed out if I decided to pass.

There is no shortage of everyday opportunities in the stock market. Its best to play it safe when you dont feel 100% comfortable. Move on to something you do feel safe with.

My advice, take a conservative thought out educated approach to the issue.
 
15.50 was a long-term support. So far it held despite a strong down gap day. Let's see if it can take it up and fill the gap.

<a href=http://torero.vecino.com/modules/newbb/viewtopic.php?topic_id=27&forum=2><img src=http://torero.vecino.com/trading-charts/stocks-equities/newbie-trader-RHAT-weekly-at-long-term-support.png></a>
 
The IBM rumor lifted RHAT 5% in under 30 min on Friday. Quite interesting to say the least. We'll see what happens.
 
Quote from Neet:

The IBM rumor lifted RHAT 5% in under 30 min on Friday. Quite interesting to say the least. We'll see what happens.
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me thinks this is a good buy long term..but u gotta be patient and eventually stomach some full%ages paperlosses. still worth a shot tho, to keep it as an investement.
 
Quote from Bitstream:

me thinks this is a good buy long term..but u gotta be patient and eventually stomach some full%ages paperlosses. still worth a shot tho, to keep it as an investement.
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Not sure why IBM wants to spend $3 B on a freeware.
 
Quote from pepper_john:

Not sure why IBM wants to spend $3 B on a freeware.
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well, that aint the reason i would buy the sob...just the strenght it showed after the gap and the typical inevitable recovery awaitin' the stock price.
 
Quote from UnFoRGiVeN:

I just bought 500 shares of REDHAT @ 15.43. I like the company, it was brought down by competition news, just like ET and AMTD which I bougt both (ET@23, AMTD@15.79). I also like it's growth rate, we'll see how it goes. This is a growing company.

"Red Hat Inc. (RHAT) said Friday it plans to buy back up to $325 million in stock and debt.

Under the program, the Raleigh, N.C.-based provider of open source software is authorized to repurchase up to $250 million in stock and $75 million of the company's 0.5% convertible senior debentures due 2024.

Red Hat shares rose 8.5% to $16.05 in Friday afternoon trade
"
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:D! I'm cashing out! And getting back in once the pullback takes effect. BTW: Now it's RHT
 
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