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To: The Ox who wrote (798)3/29/2012 4:02:00 PM
From: The Ox  Respond to of 8288
 
The last 2 days, RSH - Radio Shack, closed the door from the March 2009 lows. While the problems of the company are well documented, this stock has recently appeared on my radar. Today looks very interesting, as a possible bottom reversal area.

Way, way too early to tell but it may be of interest to those who read this thread.

Oversold and potential wash out. I can suggest a possible trade, that would have a buy trigger with a rise above $6.45 that would have a maximum stop loss (depending on your risk tolerance) 4 or 5 percent below today's low of $6.14 (5.85 to 5.90 range) or roughly a 10% total loss. Certainly, a tighter stop would be reasonable and to each their own....

Minimum initial target would be around the $7.05 area but a break back above $8 and sky's the limit.