Rite Aid Corp (RADCQ)

[Odessa99]

The day after the evening that Sears Holdings voluntarily filed for Chap 11 restructuring, the stock was up big intraday (it peaked at about 140%, before pulling back but still ended the day in the green). I know that the move was counter-intuitive, but it is also quite common. I don't expect Rite Aid (RAD) to file for bk any time soon (especially with the massive cost cutting that they recently announced), but even if they did I would not be surprised if the stock moved up (albeit briefly) after such an announcement.

As always, simply my opinion.

Worst case scenario they announce plans to enter into chapter 11 and the stock will be under a dime -- post haste.

RAD