RSH went long at 7:09am at 1.30......now it's halted. Hmmmmmmm
Results 1 to 5 of 5
Rsh
RSH went long at 7:09am at 1.30......now it's halted. Hmmmmmmm
News looks good. Should be a good run.
23% short float= about 4 days to cover at avg volume. Not the perfect storm but good potential for short squeeze. No time given for trading to resume yet.
Reading the press release....looks like a share dilution. I'm guessing that would be bad. But more liquidity means good. Hard to decipher. Anyone have an insight? I have little experience deciphering these things.
Looks like a short term save of Radio Shack to get through the holidays. Enough time so the hedge funds can convert and dump. Still may end up in bankruptcy next year.
It's very trade-able, but I wouldn't buy thinking it's the comeback of Radioshack.....
Then again, I was wrong on SIRI a few years ago and missed the buy at 8 cents cause I thought it was done.
Have to see if the holidays really do any good for them.
