Canteen will market distribute Rudy Nutrition’s healthy sports drink and “Rudy” branded products such as Rudy Revolution.
This press release should give a lift to the floundering RUNU which saw a decline from the $63 on February 7th, to the sub-dollar range it sits at now. This is pure momo speculation that I bought at $1.25 and then a second order at $.74 cents. The volume is picking up and with a float of only 29k shares and the fact the stock is below the short price bears would like to play it at, the only pressure right now is upward. It wouldn’t surprise me to see another huge spike in price but again, it’s a bit of a crapshoot. You could make a fortune trading this, or you could lose big…but at least a stock can only go to zero. I’ll be looking for a double or triple at least here but as long as momentum is upward to $5 (where the shorts can come in if they can find shares to short) I’ll be on board.
If you are speculating with a stock like this you don’t want to commit a whole lot of capital to it, just in case it goes south. Speculation requires extreme discipline. For example, I’m only playing with 135 shares here because its such a gamble. But, 135 shares at $60 (should it get that high again) is $8,100.00 which would erase all my losses for the year. That’s just wishful thinking but it could happen.
