RACK is Crashing. Shorting Opportunity.

Discussion in 'Stocks' started by ByLoSellHi, Apr 5, 2007.

  1. RACK is down 12% this morning, nearing its 52 week low.
  2. blast19


    Buy it bro! Your newfound optimism should allow you to look to the sky and pluck that dip buying opportunity as if you're catching an angel falling from grace.....Buy the dips! :D

    In all seriousness...that's a great short.
  3. No. It's a terrible company with terrible prospects, blast.

    And it depends far too much on the U.S. economy - exactly the kind of company I am avoiding right now, unless the company sells something the beleaguered masses HAVE to have (i.e. gasoline, cigarettes, certain medications).
  4. blast19


    You make beleaguered masses sound like meth-heads....the only thing you forgot was razor blades and ammunition.

    Yes, RACK is a good short. I agree. I don't have the patience for a lot of these plays. :D
  5. Down 15%. :eek:
  6. I covered the trade in rack in the technical analysis section.
  7. Avoid this if your looking for a rebound play

    the plunge 4 months ago should have told you everything

    Glad I didnt fall for the RACK hype when it was at 40
  8. Down 18%.

    If it breaks down below $14, $10 is not far away.