Advice on a stock buy for Rite Aid ?
Im thinking of buying a LARGE chunk of stocks in Rite Aid.
Anyone know anything I should know ????
Any sites that will help me ???
Thanks
Rite Aid has been in a heavy downtrend since 2007. I has fallen bellow $5 into penny stock status which means that no mutual funds will touch them.
That being said my advice is to do some due diligence and watch the stock over a period of time. If it appears that it begins to rise up again with good volume, it could signal that confidence of investors is returning to the company.
Just know that just because a stock is cheap, it doesn
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