RADN

I am watching RADN closely. It has declined sharply by more than 40% since it peaked in early March, compared about 9% for NASDAQ. Being a small stock, it is in the group that is quickly out of favor. At this level, it offers compelling value. It is traded at about 18X of 06 and about 14X of 07. The company is in a good space with potential decent organic growth. Technically, it has broken its down trend in the last few sessions and it holds very well here. While the market continues to trade in a lackluster fashion, there are some subtle but encouraging signs: it has stopped falling, commodities appear to be stabilized, small and growth stocks seem to move up in the last few sessions, and volatility has subdued a bit. A lot of talks of the pending Fed decision. At the end of day, it is most likely that there will be no major surprise in the announcement and the market probably will bounce a bit thereafter. In summary, this is one can be owned here, but technically and fundamentally.