"Why do you think we may have some bad news coming?"
The answer is this: Because RIV was making a Head and Shoulder pattern. This doesnt mean that I know the precise nature of the bad news, it simply means that I can read the mood of the market through the chart.
Seeing RIV is down to $7.19 at the moment and it was at $9.40 on 11 Jan, I think I read it correctly and shorted the stuffing out of this turkey.
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
