is...probably working harder than he should be
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Looks Like Shorty is getting nervous and decided to start to cover on these lows.. Only 115 million shres short now.. went from 45% to 40% of the available shares shorted. A few more Funds jump on JCP and its short squeeze time
So.. there is your news for what you saw last night. 13g/a filed. Vanguard now owns almost 9%.. and Blackrock owns close to 13% so seems like the float is getting locked up nicely with 45% of the float also shorted.
They will have to cover eventually.. could be Volkswagon epic kind of short squeeze here
Im not surprised!! The chart i posted the other day i basically said it looked like someone had been sitting there just soaking up all the sells and getting cheep shares, and accumulating millions
JCP just following the markets today. Not much could withstand the blood bath today. Looks like the DOW is heading to the 200 DMA at about 22,800.. which it had been riding for years till things got out of control
**JCP Annotated Chart 2/16/18
So.. I think From the chart JCP would have bounced yesterday except the WHOLE market nose dived. Todays recovery was really nice. And.. from poking around the chart i noticed an interesting trend... it really really looks to me like someone has just been bid sitting and buying as many shares as they can. I also do not think its shorts covering.. short interest is still 45% of the float. I would like to think its BlackRock accumulating to trigger a squeeze.. but thats just my personal wish LOL..
You beat me to it lol! I was just going to say this! Minus the part about sears lolol
WOW.. Market in general took a pounding today!
Love charting.. I will work on one tonight if i dont drink too much. LOL
But i will get one up over the weekend regardless!
Didnt get a chance to do a full Annotation.. but looking at the Chart.. We are resting on the bottom Bolli. So that gives us a little support. We have the 50 DMA 12 cents bellow us at about 3.50 where we have some additional chart support.
We are having a small golden cross today of the 100 DMA moving up though the 50 DMA which can be a bullish chart indicator.
We "could" pop very well today. but if i had to put my money on it..i bet we test support at like 3.50 which looks to be pretty strong suport
If we fall through that .. chart is showing some support at like 3.30 or 3.35 ish. Below that is 3.20 which should hold pretty strong. we had a tough time breaking through 3.20 on the way up. Much like we couldnt get over 4.00 recently.
Today could be a pretty pivotal day in the chart. Still cant wait for them to release financials and surprise people.
Yeah.. im in at about 3.25 myself. I should have sold at 4 and bought back in. I normally swing trade. But my roomie works at JCP and was telling me about how they are turning stuff around.. so i bought in as more of a long term fundamental play. I have just been having fun charting again
I been busy with work lol! Chart looking like a retrace in progress. Ill look at it more tonight and mby post a chart lol
Thats about as close to closing on a support line as you can get lol
markets just bleeding red in general today!
Mmmmmmmm Ask slappage.. slap that ask!
anemic volume today.. moving up on air up when the buys come in.
I was thinking about that when we tested those 3.70s this morning.. nice recovery.
But of course your totally right. I should really be playing this channel but like you said.. i havent been swing trading this stock much. I threw some money in because i think the next few quarters will be better than people think.
There ya go telling the truth again.. Good to see ya brother!
You didnt miss anything. Just another scare tactic
Ahh well.. 5 million share sold in one shot.. theres some volume and a real pull down on the share price lol
Pathetic volume so far today. Being taken down on crazy low volume
BlackRock holding this back so they can load up more cheepies?!!?!
Man.. they just dont want this to break 3.99$
News: 13g/a filed. BlackRock Inc investing owns 12.7% of JCPs tradable shares. Had to file because they hold over 5%
Such low volume the last couple of days. Any time a big buy comes in the price shoots straight up.. moving on air.. some constant buying pressure would skyrocket us lol
Hopefully we push up and close over 4 today! but thats just my personal wish with no bearing in the real world lol! Chart still looks good.. just cooling off a little.. which now leave room for us to run again.
Agreed. Its ready for the next leg up.. thats for sure!
Wow.. what a red day in JCP land.. looking to test the 3.75 support. 4$ support got hammered this AM
JCP Annotated chart 1.12.2018
I would love to see us trade between $4 and $4.25 for a few days. We have made some good gains and need to consolidate for the next leg up. Todays action was good for the strength of the run. Don't want to see it just shoot up tons of green with nothing to support it.
Here is my perfect storm wish list..
1. Way better than expected financials
2. Causing a Golden cross on the Chart which will trigger a ton of traders radars
3. this triggers the short squeeze
Could be Volkswagon short squeeze kind of epic at least in terms of percentages gained
I have noticed that for the last week.. 1 million had been covered in shorts daily.. Shorty's getting nervous.. only 133million more shares short to cover, shorty!!
Fingers crossed.. the chart is so beautiful right now, its like a work of art
Always a risk investing or trading stocks. Looking to test that 4 support it sure seems
In the first 90 mins today.. we have bounced down from resistance at $4.25.. to pull back and bounce off support at $4.00 or so. id love to see us channel for a few days between 4.25 and 4.00. Then a take off for the next leg up
Loving todays volume again!!
Not surprised by todays trading at all. We have broken through two strong resistance points in two days with ease. We touched the last last resistance point i charted in the first 10 minutes this morning.. and this pullback is expected.. at least from a charting perspective
Ahh.. i got ya.. It will be interesting to see. I think JCP may be one of the last old school brick and mortars to survive. Their new CEO is doing somethings right.
But ill be honest.. i will most likely sell my shares in the next few months depending how hard it squeezes.
Looks like a rebound off the bottom to me.
Trumps tax plan adds 20% to their bottom line. They closed failing stores.. and sold the real estate. Holiday sales were even better than expected.. and last quarter they did better than anyone expected.
I need more turds that go big green off the bottom like this.
And.. 135 million shares shorted.. i think its time for peeps to cover... Shorty (you know who you are) better start covering soon
Very surprised by todays volume and strong green move. Would be nice if it was the 135 million short shares starting to be covered lol
OTTR about to pinch crazy hard
Awesome close today!! love that crushing of the 3.75 resistance. should act as support for us now. I will try and throw a chart up later tonight