I'm looking for continued pre mkt buying, but not too much...then a pretty strong sell off near the open. Buyers today at the upper 1.50s-1.60 level are really risking it short term. I would've gotten out in AHs today, if I'd been holding from closer to a buck. No position here, just watched today as the train left the station. Was planning to buy on Friday after funds settled, but change of plans now. Will be interesting tomorrow
Wise words here, civic. This stock can tank as fast as it rides up. Missed this train and am bummed about it. Was planning to jump on tomorrow, but wouldn't touch it at these levels. It has a rep for selling off quickly after big moves, as you very well know. Will wait this one out and yes, it could do the unexpected and just keep going. Like to hear from "the captain" on this action today and the stated huge insider buy.
Maybe they haven't agreed to anything yet, but there is and will be interest in getting this company back on it's feet and it looks like they are making needed changes and are off to a good start.
They are closing stores and cutting back, but improving the look and image of their stores. Even when your down, you have to take measures to improve. Look...they got financial backing and they will again and again, if need be. I just don't think they are going down, that's all. I'm not even an long term investor in RSH and although I'd like to see it succeed, at the end of the day, I couldn't care less. Having said that, there will be a bit of a feeding frenzy over the news tomorrow, you can be relatively assured of that
It's all spelled out on the Investor Relations page of their site under 09/11/14 Radio Shack Reports Second Quarter Financial Results. Sounds promising to me and why are they spending $$$ to remodel stores like they did in my area, if they are seriously considering bankruptcy...I don't think so. The news Friday is only another nail in the coffin of naysayers IMO
Now, now...let's not get too carried away here. Just looking for a healthy dose of market exuberance on Monday...1.20 would be nice...hope it goes higher, of course. There will be a pop, just a matter of how much