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ruby tuesday
- Thread starter cmdtytrdr
- Start date
well their food sure sucks!
short since Jan. 23....start price-7.23
I'm Down 7% so far...
still holding the short. Junk stocks like RT have run up on the last couple sucker rallies because of the small float/high short interest.
RT was culled from a quant screen along with a couple others. I'm a positional trader.
Awesome short candidate for the following reasons:
1. weak relative strength/6 month momentum (understatement)
2. Consumer discretionary/leisure services for middle class in areas most hurt by sub prime and gas prices (exurbs)
3. Debt/equity: 1.49
4. Completely illiquid balance sheet (wrong time for that)....current ratio: 0.1...
5.Same store sales down 12.7%
No more buyouts...nobody wants their real estate....so book value is meaningless. The contrarian value players will get killed.
I'm Down 7% so far...
still holding the short. Junk stocks like RT have run up on the last couple sucker rallies because of the small float/high short interest.
RT was culled from a quant screen along with a couple others. I'm a positional trader.
Awesome short candidate for the following reasons:
1. weak relative strength/6 month momentum (understatement)
2. Consumer discretionary/leisure services for middle class in areas most hurt by sub prime and gas prices (exurbs)
3. Debt/equity: 1.49
4. Completely illiquid balance sheet (wrong time for that)....current ratio: 0.1...
5.Same store sales down 12.7%
No more buyouts...nobody wants their real estate....so book value is meaningless. The contrarian value players will get killed.
Quote from wutangfinancial:
short since Jan. 23....start price-7.23
I'm Down 7% so far...
still holding the short. Junk stocks like RT have run up on the last couple sucker rallies because of the small float/high short interest.
RT was culled from a quant screen along with a couple others. I'm a positional trader.
Awesome short candidate for the following reasons:
1. weak relative strength/6 month momentum (understatement)
2. Consumer discretionary/leisure services for middle class in areas most hurt by sub prime and gas prices (exurbs)
3. Debt/equity: 1.49
4. Completely illiquid balance sheet (wrong time for that)....current ratio: 0.1...
5.Same store sales down 12.7%
No more buyouts...nobody wants their real estate....so book value is meaningless. The contrarian value players will get killed.
what other names you looking at from this screen if you dont mind me asking.
Quote from cmdtytrdr:
good to know. i've never eaten there. short interest on this puppy is pretty high.
chart looks like its ready to fall off a cliff
It already has fallen off the cliff from high of 30+. The bad news has been factored in long ago.
Same stores sales off 12%, stock down after hours.
Question is how low is it going to go from here?
Is the risk and reward good enough to get short here?
Quote from cmdtytrdr:
what other names you looking at from this screen if you dont mind me asking.
Don't mean to be an a-hole or self-important, but I'm not really able to disclose em all.
Basically, I look for small caps w/bearish technicals, negative sales surprises/post earnings drift, high leverage, high cash burn, cyclical sectors. I do more research from there to narrow my screen down, based on more subjective rankings. These companies don't seem to discount info right away cuz analysts don't really cover them. The short space for these is inefficient=profit opportunity for smaller investors. A dude with billions couldn't make anything shorting these % wise.
To give one other name-TMS.....
Quote from KenL:
It already has fallen off the cliff from high of 30+. The bad news has been factored in long ago.
Same stores sales off 12%, stock down after hours.
Question is how low is it going to go from here?
Is the risk and reward good enough to get short here?
yeah. It's trading for $7 and not .021 cents......
If they declare bankruptcy, which they probably will, they pay debtors first. They have practically no current assets. So they sell their real estate. They will take such a huge hit.....I don't think shareholders could get anything.