then the amateur traders who bought on that news slowly realised a few things
1.) shc probably leaked the news on the craftsmen sale thinking it would alleviate supplier anxiety in the run up to christmas
2.) any proceeds would actually go to reduce the pension deficit not help shc cash flow
3.) the sale of craftemen will likely reduce footfall into sears stores but will increase costs from replacememts bought elsewhere
4.) no lenders will entertain lending anything to shc
5.) eddie is readying the ship for bankpuptcy by trying to offset his most difficult stakeholder the pension fund first
6.) the q3 numbers are worse than he imagined
7.) diehard/kenrmore/sears auto centres/ most of the reaming real estate/innovel/shop your way
are worthless
8.) the stock price reaction to the sale of craftsmen after the initial blip up has been a massive sell- if its such good news why isnt eddie and bruce buying more at these depressed prices.. becuase its bust
9.) the reason why craftsmen was put up for sale now was because if the sp fell below $10 then the pension guaranty fund could have siezed and sold it themselves- there is a reason why the low $10 has been defened by shc and a double bottom has formed
10) if any shc management care to disagreed with the above i am listening
ps I live outside of the US so threats against free speech don't apply....