RAK has been a great trading share for the ballsy lately! from low 300's to early 400's its been all over the place... I got out at even, given the current volatility cash isn't a bad place to be
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RAK has been a great trading share for the ballsy lately! from low 300's to early 400's its been all over the place... I got out at even, given the current volatility cash isn't a bad place to be
Hi Trackers
There was a feeling that mobile phone market was maturing and profits were flattening out, however Nokia forecast of a 44% jump in quarterly profits released 2 days ago has made commentators re-assess this market.
I guess this is good news for Rakon.
With this bear market rally I thought about getting either CEN, RAK or PPP for a quick flick... opted for PPP:( (0% increase in this rally so far.) In hindsight I should've opted for something a little more liquid.
RAK up 19c today to 398c, mind you the volume traded is low
Yeah me too
I had a number of buy orders in but I too couldn't get them filled quick enough at my price (My buy price was too low on the morning of the rally beginning). I bought PPP at market price, in hindsight I should've done it the other way round (buy RAK & CEN at market price, and my buy price on PPP) It's too late to buy in now, we've missed the bus on this rally...oh well there will be more rallies. I will use this rally as a learning curve for the next one.
Did you consider getting on the bus during this weeks dip?
Or is RAK now a wait & see?...
RAK seems to be in a consolidation pattern at the moment, there is resistance at 3.30 and 4.00.
It's big enough to try a few scalp trades I suppose, but the consolidation pattern is not confirmed yet.
sadly, i think you are over-optimistic here, amr.
if i squint really hard, i can see a couple of returns at 410, and another at 380, but it all looks very downhill to me.
however, from their announcement 19 Nov. (rev +78%, ebitda +22%, net profit +5%) it would seem that there are bright-ish fundamental possibilities.
TAs are well out, but FAs might yet be pleased. cheers.
Sorry Steve ..only just read your post....so I suppose there is some hingsight in my reply.
Nah, RAK for me is a no-go until after the next downturn..too risky now. This latest bear market rally is mature, so it is time for those people who are going to exit to exit now. The long term fundees might be in the market, so is the group who still think the lastest correction to the Bull market has just passed, as the "perceived" fundamentals do look OK at this point of time.
Interesting to see RAK upturn very quickly at the beginning of this rally and suddenly drop drop while the rally was still in progress. This is a classic quick flick one usually sees with a disappointed growth stock in a bear market rally. I will keep an eye one this one at the beginning of the next rally.
Just take a look at what happened to SIRF in the us over the last few days.....WOULDNT TOUCH RAK on that news
What was the news?