How To Catch A Falling Knife

“I think a lot of times when people talk about merchants, it’s almost a nostalgic look back at the time where the world moved at a very different pace, and information was very different.”
— Eddie Lampert

 

 

 

 

 

 

How to catch a falling knife… aka how to catch a falling stock.

2 Words…

You don’t.

We’ve had a negative view of Sears Holdings for quite some time now... And check out this facebook post from December 2016…

Mind you, we don’t short individual stocks, but this kind of price action makes us wish we did.

Here’s a look at SHLD on multiple timeframes as of yesterday’s close along with a snapshot of the company’s numbers just below…

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Stock Symbol: SHLD
Snapshot Date: 2/7/2017
Market Capitalization: $574,108,919.00
52 Week High: $ $19.12
52 Week Low: $ $5.52
Current Price: $5.66
Change (relative prev day close) -$0.86
% Change (relative to yday close) -13.19%
Current Price % 52wk Range 1.03%
Most Recent Daily Open $6.48
Most Recent Daily High $6.52
Most Recent Daily Low $5.52
Earnings/Share (Most recent report) -$20.52
PE (Price Earnings Ratio) #N/A
Beta 2.02

Trade well,

The Trader