So rite aid is in a predicament- father amazon is once again scooping away an industry to claim their own. News of amazon pharmacy was bearish for RAD and they saw a significant decrease in price following. We have seen recovery from the news, but we landed in treacherous territory. Currently, RAD is sitting at the top of a strong trendline intersecting with the 61.8% retracement level. Further, RSI is oversold. One notion that is keeping me hesitant is a 15k share purchase by a board of directors on dec 1. a BOD purchase this close to earnings is a bit unnerving for a short, but time will tell. Definitely not yolo play. Small positions, patience, and time. Trade safe.