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There was a huge wall at $1.02 most of the day (more than 250k shares).
Wonder if that wall decided to just dump at the end of the day?
Absolutely. Anyone who doesn't expect that is fooling themselves.
But turnarounds don't happen overnight, especially with how far RSH is down the hole. If they are able to become a successful profitable company again, it will take several quarters of chipping away at their losses until they see the black again.
I posted that pre market today.
Don't know if any people are still following RSH on the board.
Where's your $0.50/share? Falling like a rock...
At this point RSH is hold steady waiting for news. $0.50 is equally as likely as $2.
My expectations would be RSH somewhere in the $1.20-$1.30 range over the next few months, and then either continue to rise or drop well below a dollar on subsequent news (earnings, PR's, bankruptcy updates, etc.).
Little bit of good news today. Looks like RSH is sourcing key personnel with recovery and turnaround experience to help them move forward.
http://money.cnn.com/news/newsfeeds/articles/prnewswire/DA50768.htm
Yep, and seeing it everyday in my brokerage account sitting at -99.99% loss doesn't help much either!
I'm tempted to click the "relinquish shares" button...
Ha, your GIF signature goes perfectly with your comment.
Another good point.
At younger than 30, my risk profile is going to be completely different from someone who is...more experienced in life... haha.
New investing mantra - "Take on as much risk as you can while still being able to sleep at night."
99.99% of the time, yessir.
Nope, those are just as annoying as lying/twisting facts to support your theory.
Unfortunately its a waste of time to try and argue with someone on the internet.
To da moon, Alice.
Ha! Sure tried to spin that one up Mr. Bar-man.
I urge everyone to actually read the article, its an interesting piece on Standard General - how they got started and what they do.
Bar decided to cherrypick the ONE negative comment in the entire article and tried to portray that the whole article as being negative on Standard General.
Thanks for the laugh.
Yep. Doubtful yesterday's rise is due to leaked positive earnings #'s... RSH hasn't had enough time to turn anything around, yet.
First positive to come out of RSH's PR group should be the announcement of imminent closing of 1000+ stores. I think that will be the catalyst that gives them the breathing room to make a honest effort at turning the company around.
I was just typing the ask was at $1 and I saw a huge wall (57k shares or so), and before I could open the box to type the message that wall was knocked down on a 300k+ share purchase.
Good start to the week for RSH.
Well that's just a blatant lie...
Source - I bought a cable from them on Thursday and received a printed receipt.
Started the 80's at about $2 and ended the 80's at about $10... I'll take that.
You are (you're) welcome.
I think their might have been 2 people that said it was going to $5 (I sure hope they were just being overly optimistic?).
There's also a "gang" on the other side that says its "falling like a rock" when it essentially has remained flatish over the last week or so.
The irrational exuberance goes both ways. This is an anonymous public forum on the internet... I tend to assume what people say on here is 1% true and 99% BS.
Yep, definitely a good run.
Trying to decide if I want to dip back in or not - I think the next few months are going to be very volatile for RSH stock (tends to drop heavy and quickly).
800% on first run up.
Options doubled again the day after I sold them (1600%) but had to be smart and take profits. Glad I did.
Since you started posting today its actually gotten farther from 0.25...
Made a very profitable trade on the first run from 50's to $1.60 using JAN16 $1 calls, might dip back in if events unfold and look positive for RSH (don't usually make trades to the short side).
I don't trade very often and have also been spending more time than usual on this one. It'll be interesting to see how it plays out.
Offering won't be happening for the next few months so I wouldn't expect the pps to test 0.40 until then.
I do expect very volatile trading from here on out, however, whether RSH completes a turnaround or goes belly up.
I didn't expect $2+ like some people, but I did expect a little pop (maybe around the $1.35 mark we had on Friday).
Reading over the deal and several pro and con articles about it, I still see it as a short to medium term positive for RSH. Loosening restrictions on lending requirements will greatly help closing stores and slowing down the burn of much needed cash.
Next few weeks of news (hopefully a detailed plan forward) will tell us what we can expect for RSH's future.
1. $1.34 was 35% higher than the previous close - wouldn't exactly call that "collapsing".
2. Details of the deal were not even available when the stock stopped trading at the $1.34 price. How can you openly lie and say the price dropped because of the dilution aspect of the deal?
Bottom line is RSH now has access to enough cash to continue its turnaround plan and have hopefully freed themselves up from restrictions on previous money. Closing unprofitable stores will be a huge boost to the bottom line, although it won't show up immediately.
Yea that's just unlucky timing for the options to be expiring on the day RSH trade is halted (on probably GOOD news, no less).
If I had these options, and the cash to exercise, I would probably exercise with the assumption we are going up on Monday.
Precisely the ingredients that make for a possible turnaround story.
I think you are having trouble finding the distinction between companies to invest in (i.e. buy and hold for life) and companies to trade (i.e. companies with upcoming binary events, companies depressed or raised to unsustainable levels due to investor emotion, etc.)
RSH is set up for a binary event trade. Will they or won't they get the financing? That's the trade. Not how much cash they are losing or what their sales figures are doing. That stuff would be important if I was looking at RSH for an investment, and personally I would immediately pass the opportunity up as RSH's long term future is in doubt right now.
At the end of the day, your posts are falling on deaf ears. Everything you cite has no bearing on the current trading opportunity.
The company and the stock are two different beasts on this one. Trading the stock has yielded awesome returns over the past few months, and once the volatility is over I'll move on.
*Note - I don't even consider myself a "trader". 95% of my money lies in large cap DG stocks for long term investment. 5% mad money for trades like RSH only serve to add capital to my long term investment plan.
Doesn't seem fair...
You get caught with your pants down you face the consequences. You don't get to change the rules so you still come out with a profit.
Looking more and more like it won't open up today.
Thank you captain obvious..
Actually have my own conspiracy theory why its taking so long to start trading -
Article last night about unusually high call options purchased yesterday (something like double the normal daily volume), and then news from an "unnamed source" about the financing deal being approved.
Whoever bought all those calls must have exceptionally lucky timing, or, blatant attempt to manipulate stock price through dissemination of false information (news release).
SEC will make sure everything is on level before they let RSH trade again.
Someone who is grasping at straws this morning, trying to divert attention from the fact that RSH has possibly secured the financing it needs to have the breathing room to execute a turnaround plan.
How would it "destroy book value"?
Are leased stores booked as assets?
I would think rent = liability which means closing unprofitable stores would decrease liabilities and increase book value..
Exactly.
They bring in BILLIONS in revenue!
Easiest way to turn this ship around is close the stores that are losing money and cut bloated costs at the upper management level.
They don't even have to do anything that innovative to return to profitability...now, if they want to be around another 50 years they will certainly need a change in the current business model that adapts to the changing retail landscape. RSH's problem was their lack of foresight and the old "stick to what's been working" mentality.
I show the price as $1.34 (%35.35) on volume of 2,277,196 shares on my screen.
Did all that occur pre-halt?
Ol' GMoney strikes again!
Next is .50 LOL. Your Welcome
It really is as simple (on paper) as stopping the bleeding by closing unprofitable stores, cutting costs and reducing overhead.
To do this in reality, I think, will take a complete changeout of top-level management as they have proved over the last 10+ quarters they do not know how to manage costs and maximize profits. They really seem to have not done a single thing right to capitalize on the niche market they used have a stranglehold on. A financing package, if it comes, will probably be the final lifeline RSH ever gets.
Someone needs to step in with a plan to bring RSH into this century in terms of being a competitive retailer.
Yes. 10 straight quarters of losses is a fact.
But, people are not investing/trading RSH based on their poor performance over, arguably, the last two decades... They are investing/trading on whether or not they believe RSH can get emergency funding for breathing room while they attempt to implement a sustainable return to profitability.
We all know your view - now its "wait and see" mode until RSH either does, or doesn't, do what is necessary to get itself out of the dire position that poor management and future planning has put them in.
Odds are stacked against them, but we've all seen crazy things happen.
Big volume and price jump... news?
*Erased my reply*
You win the internet argument. You seem like you need it more than I do.
Suffice it to say - I have no bets and no need to place bets. I am interested in RadioShack and if they can figure out a plan to profitability or if they will ultimately fail and file for bankruptcy.
My "it could go up or down" comment was a tongue-in-cheek answer I use when someone asks what I think a stock is going to do in the near future. Another way to say this would be, "No one has a clue".
Good day.
Yea... my post essentially said, "it will go up or it will go down."
I threw the $1.60 in there only due to the fact that that seems like the point where the bullishness ran out on the last big upward movement.
I don't need to make predictions as I'm not currently bullish or bearish - just interested in how RadioShack plays out. Turnaround, or history books.