Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Three White Soldiers
For the technical traders who utilizes candlesticks in their trading, let's hope for a strong close today.
I normally don't cheerlead during days like these but I think a possible bottom has already set in for rsh.
IMHO, a reversal of trend is in the cards so don't sell your shares yet.
Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and suggests a strong price reversal from a bear market to a bull market. The pattern consists of three long candlesticks that trend upward like a staircase; each should open above the previous day's open, ideally in the middle price range of that previous day. Each candlestick should also close progressively upward to establish a new near-term high.
The three white soldiers help to confirm that a bear market has ended and market sentiment has turned positive. In Candlestick Charting Explained, technical analyst Gregory L. Morris says "This type of price action is very bullish and should never be ignored."
As you might be aware I don't pump stocks. When I do buy, I buy when there's a big discount. Often, not always, I get in at a decent price. Why? Cause I believe in the old adage of buying low selling high. And I don't believe in pumping to get people excited and make bad decisions. IMHO, RadioShack is worth at least $5 fmv. Given the price it's at ATM, it's a huge sale.
For the record, I owned it last year at $2. Sold half at $4. Riding it back down and bought back at $1.15 sold 1/5 at $1.70, added at 93 & .59. So I can hardly say I bought it expensive.
:)
"Why repeat the stories? Because there are new people looking at this stock every day. "
So you're saying people can't read the rehashed story on a string of financial media about rsh? Go ahead, go to any motley or yahoo board and look up rsh. See if you'll find the same boring, repetitive story.
Who are they? Who knows? But I do know that if I want to own a company or anything for that matter, I wouldn't buy it when it's expensive.
Before you delete this post, explaining to us what you have to gain for "alerting" people about the stock going to 0? Or to repetitively reposting the negative stories?
Nobody's ever benefited from upgrades and downgrades before they happen.
I've never benefitted from listening to upgrades and downgrades before the stock go up or down, had anyone here?
Let's use a little common sense again I ask you.
What's there to gain for repeating the same scary story when the stock is already beaten up so much? What's the point of them downgrading the stock if there's so little room for it to go lower? There no profit to be made. Unless you still believe these analysts are out for your well being.
But truthfully, I think if you're not shorting here and there's no profit in doing so, that will lead to one conclusion. You want to buy the stock cheap. You want the stock to go to $.50 so that you can buy it without sounding the alarm.
So if you're owning this stock, hold tight or add to it.
If not don't let them fool you.
I don't think the media can help the bears this time around if they don't cover now.
What's the point of repeating the same old financial story to a company that's about to go bankrupt unless you have interest in it being true.
As mentioned last time, all it takes now is some good news out if this company and we should see a nice rally.
This is not a time to hold short or go short.
Buying now is not gamble it's ridiculous common sense
Don't think we'll see $.48. I think we should get a nice bounce next week.
Doesn't have to have a reason at this point
Bought some @.59
Gotta love how mms are pricing this stock. Lol
IMHO all we need is one positive catalyst, news, rumour, whatever and shorts are going to be so burnt their mothers won't even recognize them.
Someone's pushing this stock down hard that's for sure. I wonder why...
Any buy is met with immediate sell orders.
Patience investors will be rewarded nicely IMHO. Shorts should get a nice kick in the butt soon
Can Entrepreneurs and Inventors Save RadioShack?
RadioShack (NYSE: RSH ) has struggled to find a new identity after it was rendered largely irrelevant by a potent combination of the Internet, department stores, and big-box electronics retailers such as Best Buy.
The company is well aware that it needs to change -- it mocked its outdated image in a Super Bowl ad that featured 1980s icons including Hulk Hogan and ALF ripping stores apart for a supposed makeover. But while RadioShack identified the problem -- that it's an outdated relic with little reason to exist in the modern retail landscape -- it hasn't come up with a solution as to what the company should be.
CEO Joseph Magnacca was brought in to turn things around. He took the helm in February 2013, and while he has somewhat stabilized the company's finances, he has not yet found a new path for the nearly 100-year-old brand. Magnacca has hit some roadblocks. A plan to close around 1,100 of the chain's 4,300 stores in the United States was upended when the company could not come to terms with its lenders on a deal to facilitate the closures.
RadioShack is a brand in need of a massive reboot. It's up to Magnacca to make the company something more than that place you used to go to buy blank tapes and batteries.
What is RadioShack doing?
Earlier this year, RadioShack announced plans to offer shelf space for entrepreneurs and inventors. Little had come of the announcement, but that will change. The company will soon begin selling a line of kits designed to help people make their own Internet-connected devices.
The new products comes from littleBits, a New York start-up that offers a series of brightly colored components that can be snapped together to create what Bloomberg Businessweek describes as "Rube Goldberg machines for the digital era." The products are part hobby, part practical, and the company calls them "the easiest and most exciting way to learn and prototype with electronics."
Here's how the company describes itself on its website:
With over 60 modules and trillions of billions of combinations, we are moving electronics from late stages of the design process to its earliest ones, and from the hands of experts, to the hands of everyone.
Whether you're a designer who has never used electronics before, a young maker starting your maker journey, a professional engineer that wants to cut down your prototyping time, an entrepreneur with the next billion dollar idea, or an educator that wants to inspire the next generation problem-solvers, we believe you should be able to use hardware as a building block.
LittleBits sells a variety of kits. Its line to create Internet-connected devices is playful and it looks like a modern twist on the old RadioShack model. In the 1980s, the chain's customers bought soldering irons, circuits, and other items to make or modify technology. The littleBits items do that in a way that resonates today.
Being able to automate your lamp so you can control it over the Internet is neat and sort of useful. Making any piece of electronics Internet-connected opens up all sorts of possibilities. LittleBits looks like it has the potential to allow inventors and experimenters to join the Internet of Things without being limited to commercially available products. Most important, the line is unlike anything being sold by other electronics retailers. It might spur customers to actually visit a RadioShack. It also has the potential to be a Legos-like product that draws repeat visitors buying new pieces and kits.
Of course, one cool fad won't save RadioShack. It needs is a handful of products like these -- items that are modern and unique. That's a challenge, but by casting a wide net and looking to unlikely places like crowd-funding sites, it's not an impossible task.
Can RadioShack pull it of?
Magnacca clearly believes he can rescue RadioShack. In a recent press release, he expressed optimism and a commitment to bringing in more unique products.
Even in this environment, we are making progress on our turnaround strategy. We are building the pipeline of new products that will bring differentiation and newness to our stores in the form of high-margin private brand and exclusive items, including those from new partnerships like Quirky and PCH.
The PCH deal is "a collaboration to support inventors and start-ups that will promote product innovation and provide a path from concept to production to distribution." It should be especially valuable in helping RadioShack put some wow back onto its shelves -- perhaps leaving less space for overpriced smartphone accessories.
The last time RadioShack had a must-see product might date to the early days of personal computing, so making the brand a destination again won't be easy. But the company does have high visibility. Though it was unfortunate that Magnacca was not able to close the stores he wanted to, it does leave the company with a tremendous retail footprint. RadioShack is everywhere, and if it has something worth selling, the foot traffic that now passes its many locations might actually step inside.
It's a long shot, but for RadioShack, which lost $98.3 million in the first quarter, it's at least a plan.
Recasting a tired relic as a hip place to buy products you don't see anywhere else is a bold strategy, but it's in line with what RadioShack used to be. It's certainly a better plan than continuing to be a store that operates more than 4,000 locations on the hopes that customers will pay way too much for an HDMI cable because they forgot to order it from Amazon (NASDAQ: AMZN).
One of the worse mistakes a lot of ppl make is in buying stocks that have already gone up significantly. I know as I've been quilty of buying the Nortel, the Nokia in their glory days. We all pile into stocks that have already gone up and can drop at any second and worry over the weekends whether the stocks will recover.
BBY dropped nearly 50% one quarter even though they met sales revenue but missed earnings. Is that a stock worth owning? Potential to the upside is small but downside is huge? Ask the guy who bought it at $44 and see it goes to $20 how it felt.
You guys should give "The Intelligent Investor" a good read.
Then read Seth Klarman's "Margin of Safety".
These books are eye openers for me.
Glta
We either make or break this company in the next few quarters.
Now I'm no expert but I know that if this company gets delisted, I'm going down with a lot of smart ppl who are invested in it.
Anybody can claim their an expert at this or that by reading a few books but they can't be as smart as the ppl who've been around the industry for a long time and knows what they're doing.
Glta
Didn't we know this already?
Whoever wrote this article needs to go back to school.
Anyhow...
I see no reason to bash this stock now for those who rode it all the way down to $1. For them I say congrats. But honestly, before you go and sell your shares or go short think for a moment. How much further do you think this will go down vs the potential for it to go up?
It doesn't do anybody any good to laugh at the misery of others.
Secondly, financiers must've done all their homework before they were willing to lend rsh money. Meaning, when they allocated the money to them, their smart accountants must've figured out how much the company is worth.
Third, if I remember correctly, rsh didn't even need the loan in the first place. It was to make the board happy.
This company will do fine. Just wait it out if you are nervous or buy if you have cash available. Don't listen to clownster saying it's going to 0 and lose sleep over it.
Each time I know a company is well managed, I let them do the work. I'm investing in their ability. That's what investing is all about.
Someone's pretty desperate to push this boy down pretty badly
Just added to my long from $1.15@ $.93
Good luck to me :)
I'm going to question management faith here. Are they going to allow RS to delist or are manipulators so powerful that they can take RS down despite the strong balance sheet this company has?
Second, do debtors want to see their loan go to 0? We'll see if RS will get the 1000 store closure or not.
It's extremely difficult to tell if they're buy orders or sell orders.
It'll be too easy if this information is readily available for the average trader to see.
That's why volume is not the whole grail. Just my 2 cents.
I'm not a pumper so you won't see me cheerleading on days of rally often.
I'm an investor and I look for extremely cheap value stocks. RadioShack is the type of stock you want to own
A break of $1.75 very likely in the coming weeks. Should that happen, shorts will scramble for shares they don't own.
A pullback is very healthy.
Went up 30%, there has to be some profit taking. Buy
Sit tight
Palm in face shaking head...
I hate investing in a company with clown pumpers like L2... Frustrating as hell knowing they only make a little bit but ruined it for everybody.
Their pumping created so much supply in the market that the big fish got away!
That's what the eod was!
Wasn't that what you said when you were in at $1.50?
You guys ruin it for everybody...
Man... Where were you guys when this thing was at 50cents?
Notice how explosive today is. And this isn't any major news.
We need more buyers here to send the pros running for the door!
Once HERO breaks $5, I'm going to be all over this.
I'm in at .50.
It's like a fire ready to explode to the upside if we get enough buyers here. Once their stops get hit, they're dead in the waters trying to find shares to cover. The pros are stuck!
Non stop bleeding. Lots of short interests. Regardless of good news, I do not see this stock going higher. With professionals pushing prices this low.
Unless the news is so good that the stops of shorts are hit. Then we'll see some fun times. Major burn for pros in my humble opinion.
Disagree all you like. This company is now in the good hands of great management. Lots of cash left to maneuver. Even if you were to sell all their assets, they still wouldn't be worth less than $5.
Start buying guys.
You got in at a better price than me. I'm in at 1.15. Damn broker had to make me pay an extra penny for the ask price.
Good time to buy.
Fitch downgrade them. Look what happened when Fitch downgraded the s&p at 600.
There's no doubt in my mind that this stock is manipulated that's for sure. Any rally attempt is met with selling immediately whether it be premarket or the first 15 minutes of trading. Been following this stock for a year I can tell you that there's some professional in here pushing prices down day after day.
http://online.wsj.com/article/BT-CO-20140509-714538.html
New York hedge fund Standard General L.P. on Friday disclosed a 9.8% passive stake in struggling consumer-electronics chain RadioShack Corp. (RSH), according to filing with the Securities and Exchange Commission.
Standard General didn't disclose a reason for its investment in the filing, but RadioShack's stock has wallowed near all-time lows.
The company's shares have tumbled 49% since the start of the year and closed Friday at $1.33.
Squabbles with lenders, industry headwinds and a lack of significant real estate assets have posed challenges for the company.
For instance, RadioShack has been locked in negotiations over how many of its 4,300 locations it can close. The company wanted to close as many as 1,100 stores, but its credit agreements prevent it from closing more than 200 stores this year without the approval of certain lenders.
RadioShack didn't immediately respond to requests for comment about Standard General's disclosure on Friday.
In a separate regulatory filing on Thursday, the company said it was continuing with a plan to close fewer stores and pursue other cost reduction measures. The company also said it may continue discussions with lenders on store closures.
Meanwhile, Chief Executive Joe Magnacca is fighting to end losses that reached $400 million last year and jump-start sales at a time when shoppers aren't going to RadioShack to buy smartphones and other big-ticket products the chain sells.
Calls on Radioshack (RSH) are drawing interest after the company said it could not obtain lender consent for its plans to close 1,100 stores. Consequently, the electronics retailer will close fewer stores and pursue other cost-cutting efforts. The stock is off 12 cents to $1.35 in relatively active trading of 2.4 million shares on the news. Approximately 26,000 calls and 3,150 puts traded in Radioshack. The top trade is a 15,000-lot of January 2016 1.5 calls for 35 cents per contract when the market was 20 to 35 cents. June 1 and January 2016 2 calls are the next most actives in RSH today.
Would not surprise me one bit if creditors are shorting this stock to hedge their loan. Rest assured though that this company is going to do well in the long run.
Place your bets