Well low and behold - I stand corrected! Thankfully.
Couldn't resist and bought back in @ 11 and 12.5 cents
The DOW raced back up 430 points!! Combination of Fed 3/4 rate cut and stronger than expected earning from JP Morgan and Lehman Bros.
In fact the 3/4 cut seems to be perfect. Even the US dollar strengthened a bit (they had already factored in a full point cut), which should temporarily ease oil prices, = slightly less inflationary pressures.
The rate cut should help out RAT in attempting to sell its assets. Basically loans should be cheaper.
Here hoping for a good day today.
Regards
Zip
RAT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
