Sears is a viable Bankruptcy candidate

Quote from Sky123987:

nitro... just curious but do you have a prediction on how low the dow will go?
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Sky123987,

I can only tell you S/R. Every single S has been blasted through.

I have two partners. We see people blowing out of the CBOE floor almost on a weekly basis. No one knows. This market is brutal, but it can get downright vicious if we go into a depression.

Trade very small. Don't gamble.
 
Quote from Rehoboth:

Radio Shack always seem to come through these things. I guess there are always going to be nerds who need batteries and AV converters.
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They are a dinosaur. Most people buy those things online now.

My guess is that they will be dead meat soon.
 
The best assessment is to simply make a few visits to a Sears store and see how much retail customer activity is taking place.

I went to a local CircuitCity yesterday to check it out, had more staff walking around the store than customers. No one is buying big ticket items e.g. TVs.
 
Quote from nitro:

Sky123987,

I can only tell you S/R. Every single S has been blasted through.

I have two partners. We see people blowing out of the CBOE floor almost on a weekly basis. No one knows. This market is brutal, but it can get downright vicious if we go into a depression.

Trade very small. Don't gamble.
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I really try not to come off as arrogant, and I know better than to assume I'm above average in intellectual capacity or street smarts - but I can't deny that my instincts have been almost uniformly correct lately.

In the interest of self-deprecation, I'll call it ' being lucky.'

I can't help but agree with your assessment 100%.
 
Quote from nitro:

The short rate on SHLD is 60%. That means that if you sold 100 shares of stock and held it short for a year, you would owe $4800 [approx at current stock price].

Everyone knows SHLD is going to "zero" [which is why the short rate is what it is and the RE complicates valuation], but you have to know what you are doing.
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Damn...gotta be a way to make money trading that from the long side.....need to start looking at some pairs to trade it with.


As for the big box retailers, price rules, not a chance most consumers will prefer to pay more and go through the little guy.

As for radio shack, I hope they survive, only place i know to find misc cables, electronics, etc.
 
Quote from Trendytrader:

The best assessment is to simply make a few visits to a Sears store and see how much retail customer activity is taking place.

I went to a local CircuitCity yesterday to check it out, had more staff walking around the store than customers. No one is buying big ticket items e.g. TVs.
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Its been my impression at both stores that the employees don't mind conveying the impression that they could care less if you shop there. :confused:
 
Went to my local Kmart tonight with my wife to kill some time.

The Kmart by me has looked like a dump for the last 10 years and even though its been a year since I been in there, tonight was no exception.

Prolly one of the slower times being a Wednesday early evening but it was alike a ghost town. One check out person and no wait.

We then went to bestbuy and while it looked better I can say they were much busier.

I made a comment to my wife that the best thing about the economic down turn is that we are able to find deals on just about everything we want to buy : o )
 
Quote from krazykarl:

I actually like those places - I usually can bargain with them to get the sticker price knocked down. Service is more personal.
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You gotta be kidding. Shopping online or at Costco etc is the only way to go.
 
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