But why would you buy it at 30 cents? Or 20 cents? It seems to me that this company is slowly winding down...
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There is a strong rock bottom support at 36 both chartwise and depthwise...This announcement may be seen as not too bad if Mr Market had already factored in something worse
I expect 36 at opening
.......dont think so Hoop, I suspect the dead cat will now get buried!
.....dont think so Hoop.......the dead Cat now gets buried!
....OOPS, buried it twice now!
Yeah perhaps
Dead cat bounce event only occurs with a steep drop usually past a strong support. Rak gapped down through its floor (primary support) so its falling within a dark abyss with no visible supports (opposite to blue skies) the bigger the drop the more likely a dead cat bounce.....then the next fall and so on.
I'm sniffing around this morning looking for a freefalling cat :D
...."pleased Im not a Kennedy" ( sorry I mean Robinson)............as the song goes