It's obvious RadioShack has lost favor with investors and traders. The question now is, how long will they be able to continue their current operations? The outlook is not that rosy for them, I expect to see RadioShack declining to a true 'penny stock' very soon. Like I said previously, it amazes me that I'm usually the only customer in the store, no matter which RadioShack I go to, even in well populated areas. In the beginning of 2014, its stock plummeted even further, now only worth a measly $2 a share. Is it worth picking up now? Absolutely not. RadioShack will probably go out of business 'Blockbuster style', and it will happen rapidly, filing for bankruptcy this year. There's is no way they can keep this up another year. Going short with caution is my recommendation (Set tight stop losses). Tomorrow, I'll be entering my short, SL will be $2.10. It's worth the trade.
Monday, January 20, 2014
RSH new all time low. Is this RadioShack's final year?
It's obvious RadioShack has lost favor with investors and traders. The question now is, how long will they be able to continue their current operations? The outlook is not that rosy for them, I expect to see RadioShack declining to a true 'penny stock' very soon. Like I said previously, it amazes me that I'm usually the only customer in the store, no matter which RadioShack I go to, even in well populated areas. In the beginning of 2014, its stock plummeted even further, now only worth a measly $2 a share. Is it worth picking up now? Absolutely not. RadioShack will probably go out of business 'Blockbuster style', and it will happen rapidly, filing for bankruptcy this year. There's is no way they can keep this up another year. Going short with caution is my recommendation (Set tight stop losses). Tomorrow, I'll be entering my short, SL will be $2.10. It's worth the trade.
Subscribe to:
Post Comments (Atom)
Disclaimer:
All opinions expressed, trade recommendations/advice on this website are solely of John van der Munnik and are not affiliated with any investment firm or any other organization. You should not make an investment only based using this website VDM Trading for your trading needs without seeking help from your own financial advisor.
No comments:
Post a Comment