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RELL - Richardson Electronics: Thank The Day Traders But Take Some Profits
Richardson Electronics Ltd.
Richardson Electronics issued a press release announcing a new distribution partnership for silicon carbide diode modules.
The stock gained about 25% in the 20 minutes following the release taking it above NCAV. This is far beyond the fundamental economic impact of the distribution deal.
I suggest selling at least some of your position above the net current asset value of $7.31.