We have finalized our accumulation of shares this morning. We do forecast a bullish recovery at the current price level. In total, Guru has accumulated 650,000 shares at an average price of .45$ per share. Those buying at the current sp should be well rewarded in the coming months. We do plan on holding our shares for a duration of no less than 1 year from the date of purchase, or if price points dictate a sell. Happy investing!
We will not manipulate price points going forward. Thank you for your question.
mastadex
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We are close to the $0.31 resistance from Oct 16th. Are you expecting a break of this?
dustin83
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My opinion based on current market activity: RHT stands very little chance bouncing with the current market conditions and continued lack of lawsuit/reporting updates. Short of unexpected news releases, we will possibly see new 52 week lows before the end of 2018.
"Positive" notes: There appears to be decent buying support at .225 (the recent 52-week low from Dec 6). One could argue that RHT is surviving the market sell-off better than some other companies, but this is a hard point to make considering how reliant the share price is on the news stream.
There is always potential for an unexpected turnaround if chart analytics start showing "buy" signals (what RHT needs is a fresh batch of buying interest, and this will only come from news updates or solid chart patterns). Wishful thinking: if RHT can close the day at 0.240 or 0.245 with at least average volume, then we will see a hammer candle for today. I'm not a fan of using hammer patterns as definitive buy flags, but it may generate interest and cause a follow through. The 28% gain seen on Nov 15 was possibly due to growing chart strength (it could have also been due to insider trading pump & dump as the CFO resigned the next trading day)
aman2100
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@isnarain Whats your take on this stock ? Whats the time frame of fixing the revenue reporting errors? When are the next earnings scheduled to be reported?
dustin83
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@aman2100, he hasn't logged on since Nov 21... I also would like to hear if he has any new info after all the noise he was making. The recent news on the RHT leadership team additions has caused the charts to strengthen somewhat, at least. Still not showing significant bounce strength, but a bullish turnaround is possible moving into next week. Not likely, though, without further catalysts. This is a news-driven stock, and even moderate updates will cause tremendous +/- shifts. The length of time it is taking to provide updates on the reporting issues is concerning, and we will likely see the price drop again if there is another long delay in the news stream. This is a generally disappointing company. One would hope that the Investor Relations Firm they appointed in late Oct would have assisted with communication and all-around investor relations.