Investor and trader Mishko Janusevich, he of decent-sized net worth fame, had a mantra that he used to repeat while outlining the top, new stock shorts that appeared that day, as determined by technical indicators.
He would stand next to the overhead projected stock chart at the front of the trading room, point to the stock chart and recite, "You see this stock? You see that it's dropped $8 in past two days? You think it can't drop any more? SELL THAT STOCK, it's dropping more!!"
Short this stock if you can tolerate high-risk and are an experienced investor that does not remove Buy/Stop Losses.
RadioShack Corporation (NYSE: RSH). The era of the "frugal consumer" is well underway in the United States, to Radio Shack's detriment. Radio Shack is in the midst of a restructuring while the numerous other players in the highly-competitive electronics products segment nip away at market share. Many more underperforming Radio Shack stores must be closed, and questionable kiosks let go. In sum, this turnaround is in doubt, and the longer-term outlook is uncertain. Cover Short on a bounce off $10 or $7. Buy/Stop Loss if you were to sell shares in this company: $22.
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Disclosure: Lazzaro has no positions in stocks, but does own shares in two Pimco Bond Funds: PHDAX and PYMAX.
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Reader Comments (Page 1 of 1)
8-17-2009 @ 7:07PM
delhorndog2002 said...
Yea, for real... Ripio Shack has always had ridiculous prices. However, that they're still around says that either they're really good at marketing, or there are a lot of stupid people out there buying from them.