Wednesday, February 9, 2011

Opening RadioShack

Opened position in RadioShack (RSH) today. This is mostly technical trade.

Technical indicators:

Stock trades more than 20% below 200-day moving average.
Stock crossed over 13-day moving average yesterday, and stayed above today, indicating uptrend.

Fundamentals. I don't usually buy stocks with bad fundamentals, no matter how good technicals are. RSH is profitable company, with single digit P/E and projected growth. Good enough.

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