RAK Rakon

[AMR]

If anyone is into hi-tech investments read the book "The Gorilla Game" by Moore. Basically, he says that the next Microsoft or Google or Intel needs to have characteristics such as a "moat" to prevent competition. In Rakon's case, I would guess that they'd have to be the standard setters i.e chip design arcitecture.

Did anyone here buy at $1 and make 50% over the last week?

[warthog]

If anyone is into hi-tech investments read the book "The Gorilla Game" by Moore. Basically, he says that the next Microsoft or Google or Intel needs to have characteristics such as a "moat" to prevent competition. In Rakon's case, I would guess that they'd have to be the standard setters i.e chip design arcitecture.

Did anyone here buy at $1 and make 50% over the last week?

RAK currently at $1.49, with few takers down to $1.45.

Did you notice the 400k that went through at $1?

Selling a holding of that size in this market for even $1.40 is harder than it may appear.

[macduffy]

It's just a thinly traded small stock in a very nervous market.

May be someone's great opportunity some day, but not just now!

[kiwi_on_OE]

Most unlucky with the timing of your comment macduffy - 'May be someone's great opportunity some day, but not just now!'.

Closing price 3/3 low 60s. Closing price 5/3 85. 30+% gain in two days. Larger volumes than normal.

Or were you just trying to keep others away so you could load up on the cheap.

[macduffy]

Hi kiwi.

No, no hidden agenda there, I just don't like buying stocks in a downtrend. Too many painfull memories!
I might buy a few if the uptrend is confirmed but very cautiously in this market.

[scamper]

any sign of a response to the 'please explain'?
the asb site only has three identical offerings of the question...

[Xerof]

Scroll down......

[moimoi]

predictably the response was....we are not aware of any information that could explain the movement...

[Balance]

Big seller out of the way. That's why share price bounced. Suspect last of Fisher Funds' shares sold. Buy high, sell low.

[Bob Marley]

Hey mon
RAK's main customer, US-based Garmin, reported overnight. This from Bloomberg:

"Garmin Ltd. had the biggest drop in the Nasdaq-100 Index, falling 15 percent to $21.83. The largest U.S. maker of navigation devices reported sales and profit that trailed analyst estimates, hurt by lower orders for car-focused gadgets."