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“Day Trading For Dummies” Author Ann Logue visited Benzinga’s #PreMarket Prep show earlier this week to talk about RadioShack Corporation (NYSE: RSH) and American Apparel Inc (NYSE: APP).
RadioShack's Grim Prospects
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RadioShack could have been a great contender, Logue said. However, she predicted the company will probably not be around for too much longer and that it probably doesn’t have the kind of great assets that someone would acquire.
She sees the stock on its way to $0 per share.
A lot of retailers will try to hang on through the fourth quarter just to see what happens, Logue said, because many retail bankruptcies happen in January and February. “Given the nature of their products, they’re not going to get the fourth-quarter miracle,” she added.
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American Apparel Uncertainty
Logue also pointed out that American Apparel, on the other hand, still has uncertainty floating around.
“That’s still one to pay attention to and see if there’s some increase in activity or increase in news flow because we still haven’t sorted out what the assets are, what the destiny of this company is,” she said.
American Apparel also sells the type of products that people buy for holiday presents, so she said there are still things happening with the company.
In the full interview, Logue discussed her book, and why day trading should be considered a business.
Check it out here:
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.