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Strategies & Market Trends : Picks of the quarter

ATHR 5.915

-3.3%

Nov 4 2:38 PM EST

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To: Glenn Petersen who wrote (16801)	8/30/2014 2:53:01 PM
From: Sr K	Read Replies (1) of 20435

blogs.wsj.com 1:11 PM ET Aug 29, 2014 The week before Labor Day is typically a quiet period on Wall Street. That is unless you’re RadioShack Corp., the beleaguered electronics retailer turned day-trader darling. Shares of RadioShack more than doubled this week and trading volume skyrocketed after a report suggested RadioShack could be in line for a cash infusion. Short sellers betting on the company’s immediate demise bailed on positions. Day traders piled in and out, rolling the dice hoping to make a quick profit on RadioShack. Shares rose all five days and jumped as high as $1.77 on Friday. The stock, which closed a week ago at 68 cents, climbed to its highest level since April. On Thursday more than 50 million shares changed hands, the single highest one-day amount for RadioShack at least since November 1984, according to FactSet. By 12:30 p.m. Eastern Time on Friday, RadioShack traded six times its average daily volume. “You have a lot of retail guys looking at a low-priced stock like this and thinking ‘why not take a flier,’” said Sahak Manuelian, managing director at Los Angeles brokerage Wedbush Securities Inc.. “People love being all over a cheap stock that has momentum building upon itself.”

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