when some traders are scared others see opportunity. A $1 price target screams scared or an attempt to bring more fear.
Nothing more

good call on your exit. We might have started a downward trend last week and the earnings might hsve skewed that for a short time

Just not enough momentum. Before earnings we dropped 35.5 - 33.5 : $2 in 2 days. The upbeat earnings brought it back up 35.5 but It seems like we are still getting pulled from below. Watching the options trying to find tells for drops or pops.

Volume went from low to high in the last 2 days. Volume pick up. Price rising. Could we see a short squeeze? 50dma is at 10.60ish. If we can get a strong enough squeeze with enough momentum 10$ isn't far fetched

Oct 21st it was 35.09 I believe as the high.

Last trade AHs was 35.51.

We shall see what tomorrow brings.

Earnings good outlook bad. Margins decline will be shown in next earnings report IMO. First time in a long time option volume is 50-50 call / put. GL to all.

Agreed. Plan your trade. Trade your plan. Don't trade with cash you cannot afford to lose tomorrow. Be greedy with throw away cash of course

IMO we are back to 32 on Friday.

All in all if you think JCP will not go out of business or bankrupt, then this is a great starting point to start buying. Start with a smaller position to feel it out and if it goes lower add. If you don't believe in the name run scared now.

If itsplays out to go even lower than this she will look smart and hot

Sounds like someone got paid to write that for someone shorting it.

It also sounds like he missed the train on most of his statements. you could have copied and pasted articles from 2-3 weeks ago about JCP and came up with this same article.

2.5 million block traded on the green side. If next week is green I will add to my small position to lower cost. Betting 15% of my winnings from my last Microsoft trade.
Playing with house money feels better than playing with my money.

Chart looks scary similar to last earnings report. We went from 36-31 overnight. I picked up some nov puts based off chart history.
GL to all. Remember when it dropped 16% it was back up to 35 not to long after.
We
Played between 31-32 for 2 weeks if I remember correctly then jumped back up . If we see a drop it won't be long lived again in my opinion. Lots of good news to come later.
GL to all

Not a bad day

Someone scurred ;)

1.27 million block just purchased

Good call. Added myself

Hopefully they fixed the User Friendliness issue. My fiance's father purchased a 2k+ computer and after a few uses it sits in a corner. He is back to his old, slow, out of date Windows XP desktop. I got on it and played with the new Windows 8 Touch screen OS. There is nothing easy about navigating their OS. They need a single bar or some type of way of seeing all options / tools / windows without hotkeys or moving the mouse to corners or sides. Something a 70 year old man can navigate through.
My girlfriend is talking to me about commands and code as she it looking for ways around functions. No way no how should my girlfriend be talking about code or anything back door. She did not even know how to turn off her computer last year now she's a programmer because she's trying to change or fix things. Apple has the younger users on lock. I am seeing that even though the older users do not like Windows 8 they still love Windows.... If they gave me the time of day I would teach them Apple and they would never go back. Please MSFT. As an investor. Fix yo Sh*t. You have die hard fans. Treat them like they mean something to you !! I will be downloading 8.1 for my father in law the day it comes out. Please don't disappoint. If you do I will be teaching him Apple's IOS and dropping MSFT for good.

I agree. The only place you can find these types of gains is in options or stocks that fluctuate like jcp does.
Huge risk huge reward. gL to all

But it’s no wonder, considering investors and more casual followers of JCPenney stock have sat through the Johnson implosion, the Bill Ackman saga that followed, a spur-of-the-moment secondary offering and more. All of us, it seems, have almost built up a tolerance for just how bad things are at JCP.


For the people who stayed in the past few years. Ouch. There is only upside from here IMO.
For the people who were not in and day traded this all the way down to add a position now with the houses money. GJ and smart trading.

good call.
J. Kniffen is on board too.
J. Kniffen is willing to double down " Here and Now " as 4th quarter will be positive store to store comps.
J. Kniffen is willing to double down and offer a ride in his Ducati. I'd rather just ride this train upwards and buy my own Ducati.

You're arguing the word couple? I wasn't at a chart to pull it up for the specific year. I should of used the word multiple.
I apologize. Facts are if you would have said that multiple years back you would of lost your mind and money. History shows jcp goes from a lot to a little.
Please don't argue a lot or a little.
Jcp will win or lose. I'm guessing you're on the losing side.
jCp already has scars from situations like this. This is nothing new. IMO this price is a steal. GL to all.

When some run others double down. No one will know what tomorrow will bring but it's simple from here. Either you think JCP is going to go out of business, go private, or they bounce back. If they bounce back the upside is huge. If they fail the downside is equal. JCP and Sadove are seasoned. Sadove has an amazing track record for positive stock prices. Plan your trade and trade your plan. GL

Options lop sided to the call side

If you would have said that at the low a couple years back you would not have only lost your mind but money too. Back your statements up with facts. Facts are jcp fluctuations are not for the weak hearted.

You still thinking about shorting her? I think this is the time to start buying and adding if it drops any lower.

good call. Same

BCOV so strong

Imagine This:
Bill Ackman Sold out Aug 26th 2013 at 13.35.
Carl iCahn said he didn't know about JCP stock on Sept 9th 2013 when it was 14.43.
JCP is now 7.77. Almost Half of what it was on Sept 9th.

What if Carl iCahn purchased into JCP in the short term.
He would
1- IMO get a great deal
2- Mark his territory ( No one will ever speak against him again ... People will say.. Do you remember how he crushed Bill Ackman ? I'm not stupid... )
3- Add to his legendary status.
4- Probably see 100 % back in the first few years. Could possible turn into a 5 -10 + bagger. If the stock repeats it's previous long term trends we could see 80 + in the next 5-10 years.

Remember we have not seen 7.77 since *** 1985 ***
GL to all. If we go any lower i'll be a buyer. Now I will play options looking for shorter quicker money following the crowd that's spending millions in options to the up side.

Huge Call volume past 3 days. Sometimes it is best to go with the crowd that's spending 10 million. They probably know something we don't. GL. picked up some nov. calls and just added some jan. . It is hard to fail during the holiday season. I have been in retail sales and international sales for a long time. When it comes to Holidays if there is a low supply as there always is people will buy whatever they can get their hands on. JCP will be empty just like every other retail store when xmas day comes around.

good call. They will eventually get it. Just not anytime soon imo.

be careful. I believe there is plenty of downside left on this

tons of it. 10 to 1

Big time investors were saying 31 was the entry point when it was 36. It's 31 now. I don't want to enter unless it's a steal of a deal. So around 24-28 would be ideal. If it's not a steal of a deal I'll find it in another stock and just play options while it fluctuates.

meant to say resistance around 32ish #s

right now there is crazy support at 31.12 - 31.16 and on the other end crazy support around 32.05 - 32.12.

It is hard to say where this thing is going. I have a feeling we might pop up maybe to 34 before we see it go down further? I am really at a loss. I made enough to play with the houses money and am now just waiting and watching for the right opportunity to come by. If she shoots up i'll probably buy some puts. If she shoots down I'll probably buy in or buy some calls.

Playing with 32 again. Sitting back waiting for opportunities.

power hour was good to microsoft. looks like we will get back to 31.6