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RadioShack Corp. Message Board

  • csaintswin csaintswin Jan 20, 2013 5:25 PM Flag

    Bankruptcy coming this Q

    Too much debt..... no store traffic and no web sales..... $2.50 PUTS load up!

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    • Insiders buying this puppy, last month 59 million shares, the spread of the bar for the month is 94. This means on 59 million shares, what did price do ? did the high rise, did the low fall, was it volatile ? To create these narrow spreads only professionals can do, they buy repeated throughout the session & in this case by the month & this stops the low from falling while the high won't lift as the offers come from the sellers while the public is fearful to buy. The key to any stock is where is the supply, it is at the highs of 1999 & has spreads over the years pushing price down. From 2003 to 3007, we have redistribution to the point where in 2012 - 2013, there just ins't any supply left form the top in 1999. Now it's up to the long term investors to stage a recovery & start releasing demand accumulated. When this takes place isn't important. The news will be designed to trick you into selling, you may hear Radio shack may file bankruptcy or some other bad news. If there is no shares to buy at the current level, then price must rise. If investors were selling, price would drop. If a investor wants to accumulate more & see's demand taking price up, the leading sponsor will throw stock on the bulge & knock it back down. Eventually the sponsor will complete his line & increase his or her buying limits. I do not use indicators, I simply read the chart as they did in the 1930, I also use 1 point & 3 point figure charts. To further aid you in your quest, what should happen if the selling has been picked up ? price would advance fast & easy, buyers would have success as no selling in stopping it's move.Imagine a break out trade, picking up shares caused this, now imagine it pulls back to support & rests. If the selling from that advance & previous selling has been picked up then price would lift & how it lifts tell you the degree of demand over supply & rather the risk to take a trade is high of low on the next down day. A spread tells you a lot about the sponsors, a wide spread down on low volume shows selling reduced but present as the buyers failed to pick up the shares in a timely manner. A wide spread advance on high volume shows selling to the buyers, how much selling is judge by the response. A advance on low volume shows no professional interests to higher prices, they refuse to buy to the buy orders while if buyers have success on low volume then after a decline, it shows buyers lifted without profit taking while. A break out on low volume appears bearish to some but it's rather bullish if you have had large amounts of stocks for sale previous on a down day as this would cause a shortage of stock producing the lower volume on a break out. In other words, the selling was cleaned up so good, buyers had success in the break out.

      Sentiment: Hold

 
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