Guess i jinxed that lol

Nice ascending channel after the initial pop and drop today

Pretty pretty please let me be right and the volume the other day was institutional buying the last of the float to trap the shorts. Id live for the news to be the float is gone and held LOL!

I think all kinds of crap goes on behind closed doors. Tomorrow should be interesting either way!

So.. what happens then when this turns out to be a Short trap. The price tanked..

Institutions bought the last of the float on the cheep share price....
JCP announces theres no float left.. and no bankruptcy.

They secretly didnt pay the bond and the loan payment even though they had the cash, to drive the price down further to make it easier for institutional to buy the last of the float.

Volkwagon type squeeze.. hard to cover 90 million shares when there arent any

I feel like i should be ranting on youtube that this because of 5G LOL

i guess we know tomorrow.. and for the record.. i have no real info.. im just crazy

Nice pennant forming on the daily. If it breaks out of the pattern to the north it should fly

JCP just kinda following the market these days!

Personally.. I have just been busy and getting ready for my fantasy baseball draft lol!

Same man, Same!!

Love it.. Looking between the couch cushions for some extra powder as we speak lol!

All kind of outside the banks funding gong on. I wuold think it would be good not going though the banks.. but looks like the market thinks otherwise lol!

yeah.. id love to see us get back up to those levels. Looks like this has bottomed out and in the climb back up. nice action today to get us back over the 50 DMA... now we need to get back over the 250 lol

Was sitting here at work telling my team mates the exact same thing lol

Meh.. what you gonna do?!?!

Time to swing trade this till the next quarter.. build up some more shares! LOL!

It all looked rather positive to me. Their sales were down a tiny bit for the full year, but that was because they closed a bunch of stores that were not producing, and that was all from the first half of the year.

"Through the hard work and dedication of the entire JCPenney team, we delivered our second consecutive year of positive adjusted earnings. For 2017, we improved adjusted earnings per share by 175 %, reduced our outstanding debt levels by over $600 million and generated over $200 million of free cash flow. During the fourth quarter, we delivered our strongest positive sales comps and achieved our largest gross margin improvement for the year. Our fourth quarter gross margin improvement, combined with our continued commitment to expense discipline, helped us generate adjusted earnings per share of $0.57 for the quarter." "

thats all pretty positive.. of course it doesnt look like the market agrees with me lol

Nice earnings!! Surprised by the pre market action.. but we shall see when the market opens! I really thought we would have gapped up pre market.. not gap down lol

GOOD LUCK TO ALL TOMORROW!!!!!

Nice.. wish i had some extra cash to do the same!

If i were short i would want to cover on this Dip.. If this reacts like the rest of retail stocks on financial announcements this week.. its going to gap up big and run a bit tomorrow morning

Agreed.. and looks like this was all the Fed talking about inflation this AM.. as soon as they stopped yapping.. things started to recover lol

Fed was talking about inflation.. and a ton of stuff this morning.. Everythign tanked at the open.. once the fed finished their speach.. things have started to recover

Shorty... Gettin nervous.. cover shorty.. cover!!!

Short Interest (Shares Short)
106,867,100
Short Interest Ratio (Days To Cover)
8.4
Short Percent of Float
36.41 %
Short % Increase / Decrease
-8 %
Short Interest (Shares Short) - Prior
115,730,400

Lets go $JCP

If i remember right it will be before market opens!

same.. im expecting some Friday crazyness!

Macys with the good news yesterday. Dillards up big this morning after releasing good news. Brick and Mortar retail not as dead as people are thinking. Now just need that good news from $JCP on Friday morning.. and away we go $$$

JCP ANNOTATED CHART 2.27.18

JCP made a huge move early today. 20% in the first hour of the day on crazy high volume. I think this is a sign of what is to come.

Fins come out this Friday.. we are above all the major DMA's.. Major Golden Cross possibly forming on the chart.. (50 DMA crossing up through the 200 DMA)

140 million share still short.. or about 40% of the available shares. Shorty gotta cover eventually.. and when they do.. $$$$$$$$

This is shaping up sweet.

Nice!

I will throw up an annotated chart later tonight!

Im getting excited for Fins this week.

Good Luck to us ALL.

Nice spike after hours up to 4.60$ as well. I really expected the price to swoon a little before Fins are released on friday. This action is very telling.

Shorty getting nervous.. this could be setting up for a HUGE spike in the very near future. Good Fins will make this stock explode!!!

This Volume it insane.. short are either covering.. or someone knows something ahead of financials on Friday!

CRAZY move this AM.. what a spike.. and then pull down.. i believe some group is trying to cover their shorts.. would love to see this spike again and close green

Nice movement already pre market. About half a million shares

WOO HOO.. we closed over some major resistance at about $4.00. We are now above a major line of resistance and above the 200 DMA. so now we have the 3 major DMA's acting as support. Love the way JCP is moving!

Markets Running Red for the most part..and JCP breaking resistance. Good movement this AM, on very nice volume so far

Yeah. I should really be swing trading the heck out of this.. but i have been too busy at work to trade when i need.

Man.. killer movement this AM. Love it!!

Not bad so far today too. Nice volume coming in ahead of the Financials call in 2 weeks.

I should just stick with charting than reading SEC filings lol!

Thanks.. totally missed that. guess thats what i get for skimming at work. Good catch!

New News Today.. a new group has over 5% but they forgot to fill out some areas. I bet we see an amendment soon

That would not surprise me at all. This is so heavily shorted. i was almost sad to see the short volume go down yesterday lol