A bit more than an hour into the day's trading, RSH appears unable to hold on to $30.00, let alone break through the $30 level. Volume is noticeably higher today than it has been the past week or so. The April earnings call rumors should start floating around soon, and could have significant impact, but I'm beginning to believe the stock has stabilized at its current level ... barring unfortunate negative news or improbable positive news. I've been doing prety well shorting the stock for several months now, and I have March/April positions at $28, $30, $32, and $35. It seems most analysts are in the "Hold" camp, and I myself don't foresee much movement up or down near or mid term. I doubt I'll take April/May, or beyond, short positions as things stand now. My call is for stagnation. Any comments?
$30.04 @ close today ... though only 845000 shares ... roughly half average volume. But above $30.00 @ close for the first time since February 1st. With tomorrow the last trading day of the month and quarter, I'll bet on profit-taking drawing the price back well below $30.00.