When will the stock hit $1
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SHLD is no longer a good trader stock. Volume is too small. Day traders need more liquidity.
IF there are day traders that mess with Sears stock who come to this page I would be interested to know how you feel about the situation. What type of cash investment would be involved on your part to justify the opportunity to make money if the stock were to go up a few cents per share? And would that level of investment be worth the risk in order to own stock in a seemingly dying company that could go belly up at any time?
I am not a short, or day trader, I only buy stock that I intend to keep for the long haul.
I agree. A person would have to put thousands of dollars into SHLD stock and hope it went up considerably in a short period of time to really make anything. Let's say a person bought 10,000 shares at $1.78 per share....that purchase would be $17,800. Let's say even if the stock went up "considerably" to $1.83 per share within a day and they sold it for $18,300 they would be only making $500 before any type of transaction fees. Even if someone had that kind of money to "play around with" I don't think they would want to throw that amount of cabbage around for the "chance" of making $500.
More than likely they might buy at $1.78 and the next thing you know it goes to $1.72 the same day and $1.68 the next day and never recovers after that. Yes sometimes a day trader can make some money on the volatility of a company's stock, but more often than not that opportunity comes when a "viable" company has a hiccup one day and someone can "get in" at say $11.00 per share and the stock quickly recovers to let's say $15.00 per share....that's $4.00 per share profit (much better than the pennies on the dollar that SHLD MIGHT offer).
People are going to be much less likely to mess with SHLD stock because it's a certainty that even the $3 or $4 per share days are most likely never coming back and it's a strong possibility that any day SHLD could announce liquidation and any investment would go straight down the toilet.
SHLD isn’t a stock I’d ever day trade for any amount of significant profits. You’d have to buy such a large amount that the risk wouldn’t be worth it. You’d be better off putting that money and effort elsewhere.
Some people day trade as a hobby and that’s fine. Overtime they may make pocket change from SHLD but I doubt anyone serious about making money would bother unless they had some level of insider knowledge and a significant amount of cash to buy/sell shares.
Dollar store.
Never happen. Day traders selling short took a profit... look for the stock to go up again.. rinse and repeat until the stock is de-listed
4th quarter fiscal results
August 24, 2018
Soon, I hope!
I would say by the end of next month.