Q: Hi Peter and team,
Is there any reason for the continual drop of rifco? It seems overdone, but it also seems like there's no end to the selling. The decline looks more than your typical profit taking selling. I don't see any news on the stock and their recent quarters have been solid. Other than the fear of higher interests rates, what else could be causing the drop? I still have a 20% gain in the stock, but would you advise selling to realize some gains before this stock loses anymore value?
Is there any reason for the continual drop of rifco? It seems overdone, but it also seems like there's no end to the selling. The decline looks more than your typical profit taking selling. I don't see any news on the stock and their recent quarters have been solid. Other than the fear of higher interests rates, what else could be causing the drop? I still have a 20% gain in the stock, but would you advise selling to realize some gains before this stock loses anymore value?