posted
It looks like it may be time to buy some of revlon's stock since it hit the 52 week low yesterday at 1.01 and was moving up on low volume today.Closed today at 1.07 so there is room to make some good profit.IMO
posted
over the last year, the highs on the chart have been getting lower, and the lows found support around 1.05 .. i wouldn't count on it going higher right away.. give it more time to find the real bottom.
i'd short it. SPC might be a better bet for a long, or TKER if you like pennies.
just my opinion, good luck.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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posted
yeah, i've watched this thing for a long time. they just can't seem to get the ship righted. made a small profit on a trade last year but it just seems they can't make any profit and they have a large debt load. almost triple their market cap. i'm sure Perlman is trying to make this thing work but the profits aren't there. nice to see at least some sales gains.
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