RCCC Cellular
By Steve Abraham on May 17, 2007
Here is a controversial call for all of you. I think its time to take profits or even short this stock. I havent had time to research this company but I cant tell you that there a some good technical indicators that say the stock is due for a fall. Most obvious is the fact the the price continues to rises but the MACD Histogram is negative. Also, the stock has remained overbought. The stock has had a huge run up and it due to correct as well. Here is the chart:
This entry was posted on Thursday, May 17th, 2007 at 4:59 pm and is filed under Annotated Analysis.
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You say something extremely important. You hae done NO research on this stock or company. If you did you wouyld fine 1) most ofthe stock is held by insiders and instituitions. 2) even at this price compared to its peers the value is still extremely low 3) everyone of it’s peers that has been bought out in teh last 5-7 years has been bought at a valuation of at least 2X of RCCC current value, by any measure, subscribers count revenue per, or market cap.
I haev been in several of these small cellular stocks over the years. this is stil cheap