Wow, Riley's stock took a significant hit in pre-market trading after the company released its preliminary Q2 results, which pointed to an expected net loss. Adding to the negative sentiment, there is also news of a US probe into the company. I have been closely monitoring this stock for a while but the situation has made me very cautious. The sharp decline in price is concerning and I am hesitant to invest right now. The last thing I want is to buy into a falling stock, only to see it dip even further. With the uncertainty surrounding the company's financial health and the ongoing investigation, the risks seem too high at the moment. It's a tricky situation and I am not sure if now is the right time to take the buy.
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