I was looking at Sears this winter around 2 cents, it was a simple chart request from someone, and that lead to me following it. I was noticing the .01-.03 range and found this intriguing, even though this might not be the most fundamental play. Then I tried to buy it around .02 but Fidelity wouldn't let me. I'm now seeing how that accumulation range really...
Dates in the future with the highest probability for price direction reversals
Watch for impulse out of corrective descending wedge pattern.
Looking at the pattern again with fresh eyes it looks like price might be coiling up for an explosion to the upside. Sears could be showing repeating fractals where price explodes out of the apex. This would be a very bullish sign for maybe the next 1 to 6 months.
Looking at Sears it appears price is moving in a channel. Seeing some nice green wick candles indicates to me that buyers are stepping in. Could see another drop towards the bottom of the channel, otherwise it could be a good high probability setup to wait for impulse above the channel, then correction (bull flag), and then continuation above the price for bullish setup.
Watching sears for correction after this rebirth of an impulse (possibly). It it hits $20 I would gtfo.
One thing is known. SHLDQ Chairman Eddie Lampert and his Hedge Fund ESL held commons, and therefore voting rights. Owning 70%+/- is more than huge, no one could take over the company without their say so. To say that commons will not survive is somewhat ludicrous. Why would Lampert cut his own throat? Commons have voting rights and thus, he controls the company’s...
I have taken a large position on Sears going into the Sale hearing on Feb 1st after a revised bid was submitted today for $5 Bil, giving it a valuation almost 100x the current Market Cap. I do believe the stock should more than likely do at the very least 3x the current PPS and at the very most 9x the current PPS going into the Sale Hearing. Here's some info I...
Sears has failed people and its investors. Its a matter of time till this ship sinks.
Just like many of the Texas Shale oil companies during the oil downturn with massive debt, Sears is what we're calling "Walking Dead" of the retail industry. The recent rally of price has likely come from many of the shorts closing their positions at large profits, and the huge drop has come from professional and retail traders alike identifying an opportunity to...
This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation. Now they are forced to sell off their primary assets to buy more time to try to stay on life support. $SHLD never recovered from their May 2007 high, 10 years...
SEARS HOMETOWN & OUTLET STORES, INC
re did a few down trend lines , looks like we hit my new down trend line i did not do my usual fall Put due to the high cost of PUTs this year ] Lamberts fund seems to buy every time this dog gets low I see the problem that shopping malls are going bust still as people buy on line and do not see how sears can rent these out for profit when they could not...