Would you rather be lucky or smart? On Sept. 17, we did a story about buying a dip in Rite Aid (RAD).
This afternoon, The Wall Street Journal broke a story that Action Alerts PLUS holding Walgreens (WBA) was close to a deal to buy RAD. Both stocks are up, and RAD has soared this afternoon as high as 40%. I have not read about the possible terms of the deal nor would I consider myself an expert in understanding it, so the technician in me is going with his gut and I would book profits.