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Couple days till Sears emerges and fools disappear finally...
All anyone needs to think about is if Monday is a GO for Lampert to take the reigns as directed by the Judge.
Here comes da judge
Timberrrr )))))) eom
This is really important. What I am about to share should remove any doubt ESL winning the court's approval.
Since I have been on this iHub board and other boards like Yahoo, I have seen people calling ESL's dealings with Sears a scam and Eddie Lampert a scamster. I think the story that you are being told is not true.
I am going to present the fine points based a recent interview of the EX-CEO of sears along with my own research.
1. Eddie Lampert was touted as a whizkid, the next Warren Buffet etc. He made some bad decisions with Sears but you have to accept that he is a very very smart guy. Now coming to wether he is the bad guy.
2. Eddie Lampert owned Kmart before he acquired sears. While Kmart was acquired for its real-estate, the same was not true for the Kmart-Sears combine. Eddie wanted Sears to succeed and had a vision.
3. Soon after the acquisition, he bought back Sears stock worth 5 Billion Dollars. While it certainly was a bad decision on Lampert’s part, it does prove that he believed in his vision of reviving sears. He did not just throw away 5 Billion dollars for nothing. He believed his plan will make the stock price go much higher. Sears never recovered from this. This is the real reason for Sears's decline and not some imaginary foul play.
4. When Sears continued to make losses, he had to close stores and it is a standard practice in retail. But he is a hedge fund manager and knows finance. He sold the real-estate to Seritage, his own firm. I see common sense in that. Why let other make money out of your losses. It was some smart hedging on his part. But people said it is a scam.
5. Talking about his vision for Sears, he has invested heavily in e-commerce. I think he understands the Amazon challenge and started investing in online part of the business very early. That is also a part of his future vision. To increase online footprint and have a smaller mall footprint. The combine can take on the online-heavy or real-estatel-heavy models. I think it is a winner.
6. Inspite of all the failures and criticism, Lampert has not abandoned his baby. He still believes in the future of sears and is fighting for it. Everyone else wants to tear it apart.
7. The creditors do not stand a chance in court. They have got nothing except false narratives that do not stand in court of law.
I want to conclude by saying that I want Sears to survive as much as I want to make money on my investment. Why should I want ill for someone/something. If you do not like this stock, do not invest or short it. But please do not spread lies. There is a person on the other side as real as you are.
Thanks.
If anything the longs o sorry I mean flippers are saying is true this would have really exploded already think about it. Also the last big run to .80 there was 10x the volume!
Eddie Lampert Wins Approval for $5.2 Billion Deal to Save Sears from Liquidation
https://www.thestreet.com/markets/bankruptcy/eddie-lampert-pays-5-2-billion-to-save-sears-from-liquidation-reports-14835499
tic toc
When that happens watch it fly
Shorts desperate now
Can't wait till deep pockets who can't play sub 1 dollar are back in and wrestle control away from these penny hoarders lol
I agree...the penny stock days of sears will be gone. ..Q will drop and hopefully back to Big board where the big players will push the prices in dollarland. .. $1.00 to $40.00 IS COMING...just my take only and opinions
Holding definitely
SHLDQ $$$
SHLDQ. Is there any another penny stock that has been on FOXBusiness recently?
Sears on FoxBusiness right now
No it does not stop shares from being used to short. Brokerages have accounts which they borrow from. That is a fallacy that many still believe in.
SLAP IF YOUR COMING IN.......
Let's try and hold the shake above triggers muah ha ha ha ha
Covering begins after lunch.
Squeeze em, not much time left to cover!
$SHLDQ
I think this is tightly held
Eddie just put up 5.2 billion........maybe it will fail, businesses don't live forever, but don't you think there might be a decade or 2 to find out?
I wonder about going future if they will fail
Old Sears had huge losses for Boomers who only buy and hold and don't manage risk properly.
DON'T LET OLD RHETORIC TAINT YOUR DD. The past is the past let it die.
Eddie is going to make new millionaires.
Be smart though don't trad3 blind.
Gl
Mine are locked at $47/share
As a client of a firm, your shares cannot be lent out to someone who is looking to short sell. Shares are held in trust for each client and are kept on separate books.
Brokerages must ask your permission to “borrow” you’re shares
Yes. MM's can't use any shares which are obligated.
So doing that really stop your shares from being used to short ? I’ve always wondered that
Hope you're right.
We only choose undervalued stocks. SHLDQ fits that to a T.
I'm sorry T. I wish I would have listened sub .2 won't happen again I've doubled basically 3 times now and although small position locked.
Thank you
Monday/Tuesday Sears will be front page news. Last opportunity is today
Set limit sell orders for $30+ to stop any NSS and lets squeeze shorts as much as possible.
IL Patrino
Since you started posting yesterday I'll just take your word for everything.
They are IMHO testing the waters to see how their MINI JV works out, and also imho there is a distinct possibility they will expand this into a joint store type transaction in the future, NOT HYPE not PUMP
But imho so I'll just listen to you from now on as to when to buy OK! OOOOOOOOOOPS already pulled a pure triple on this one and hold a very nice long position here tht is 100% free
Last breakout put us above .80. This one could easily send us over $1
No sir, just trying to be realistic. Having tires shipped to the store is a long stretch from a major JV and while positive, I believe that is already priced into the stock. One step at a time. Hearing today is crucial for move forward.
GL
If we have to rely on the media and what we read about Chapter 11 Bankruptcy today is not an important day in Judge Drain's courtroom. Today is just a confirmation of the bid ESL has put forth. Monday is when all the drama begins. That is when the Pension group gets the floor along with all the other creditors. Just my .02 cents.
Love the optimism. Resistance levels are thin and wouldn't take too much of a push.
Sears is on of last remaining American icons along with GE. America is not losing them period.
All experts writing articles bashing Eddie under the guise that they actually know something.......hi happy friday
Two weeks ago we pushed it up to ,80 so watch this Monday to pass by that threshold ~ it’s going to be bigger than anyone could imagine
Expecting huge shake, 10 mill shorts want to trip your stops
Well, just sold some of my other positions to get more SHLDQ. Not as many as some of you whales, but should be a nice gain for me if this does pop as we're expecting.
GLTA
Im holding for about 5-10 years.... so.... not sure what it will be then.
Only if it hits $10 today....don’t see that happening though
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