Quote:
Originally Posted by SayAlt
I'll weigh in on this....first, a price chart....
If you are considering RJET for an investment, don't. It's not an investment play.
This is STRICTLY a trading play. What's the difference?
Buying and holding a stock (usually for x # of years) is an investment.
Buying a stock to sell it in a defined timeframe (less than a year, usually) is a trade.
Right now...as a TRADE...RJET is a good candidate. Notice that, had you bought it near it's recent low in the past few trading sessions, you would be up approx. 34% as of today's close. That is damn good $$, percentage-wise. It has room to move up substantially more than that at present. Will it? Who knows. But there is reason to think it could go as high as $1.50...which is over 100% from it's current lows.
So, a few suggestions for novice traders who may try to trade RJET.
1. Remember, this is NOT an investment stock. It is a trading play.
2. DO NOT trade with money you cannot afford to lose. EVER. Limit yourself strictly to $$ you can afford to lose if the trade goes against you.
3. Set a profit limit. What this means is that you will decide when you will sell the stock BEFORE YOU BUY IT. In other words, "I will sell when I make 50%", or whatever your profit target is. WARNING: anything more than 100% is pure greed and is almost always burned in a trading play. If you double your money, take the profit and be satisfied.
4. Under no circumstances do you want to be holding this stock when the case gets to court. THIS IS A SHORT TERM PLAY ONLY!
5. I would suggest that, at most, you are looking at a 2-3 week window of opportunity here. Anything beyond that...in this case...really is gambling, not trading.
Good luck. I will revisit this when there is more to say.
Update:
The easy money has been made in this trade, with the price target of $1.50 met yesterday. As so often happens, it took place very rapidly. Unless you are a professional trader, I recommend forgetting about this stock from here on out.
AIRLINE
12-15-2019
