I find it amusing how many people on HC are living in a dream land...
Some people today and last night saying how RAU was going to go up today and that the drop on the DOW would make no difference..
even if RAU struck oil, it would still have dropped today...
It is important holders remain patient and ride this wave- it was expected to happen.
This is what I said last night:
I think tomorrow will be a blood bath both with RAU and just about every other stock on the market...
a 350 point plus drop in the DOW regardless how good a stocks fundamentals are will see a drop in its sp...we must be realistic here
Lots of holders will panic and sell, trying to get into a safer option...
I will continue to hold, as I see RAU as a look term prospect, but I believe there will be many sellers tomorrow.
I predict a close of 8.5-8.8
Looks like I was right
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