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that nice bid @.41 just ate the stock LOL
its expected JCP is going to do an offering. where do you guys think it'll be priced at?
shorted again another 3000
shorted 2000@ close
yup.. suppliers gonna SQUEEZE the life out of JCP very very soon.. my next windixie lol ..
You still long?
Yeah that's Bill Ackman's block that sold via Citi to a bunch of suckers few weeks ago
Exactly.. Right now, JCP is very close of being strangled by neck
never ever chase at stock.. I got luck yesterday when I shorted at the open. today, I waited for strong rally to short size. I posted every time i shorted and when I covered JCP
[url]Watch this great clip today by Barry Ritzholtz of Ritzholtz of Wealth Management.
http://finance.yahoo.com/blogs/breakout/j-c-penney-shares-whipsaw-debt-concerns-grow-154327225.html
wow this is funny! paid bashers?
someone bought 102k shares@8 yesterday. I'm sure that is short covering profits! the seller, probably got hit with a margin call..
LOL.. im sure they sold and are still selling. I'm still short 3k.. what's your bottom?
Hope you guys made money on it!
covered at 10.56 7400 shares!
wish it was $13! 100k short for sure
LOVE GREEN!
shit! wanted to short more around 11.20..right now i'm short 7400 above 11.10
7400 short right now. if it goes higher I'll short another 5k
3400@11.12
2000@11.15 filled
2000 @ 11.12
looking to short
BIO Century Conf Friday in NYC! CEO expected to talk to many and many institutions.
Looks like the resistance is fading away!
Glad you're ok.. I covered most of my position before the collapse LOL. I had over 10k shares short- sucks.
I managed to short 1500 shares early yesterday. covered 1000 and now only have 500 shares short.. Hoping JCP stabilizes but the news about doing an offering is going to drive it lower..
They have no choice. At this point, no institution is going give them 2bil. Now, they're talking about doing an offering (it'll come with kickers) for about 1bil.. How in the hell are they going to allocate it?? Well, I guess the public, employes (via restricted locked up stock) pensions etc aka suckers.. Think about it, they just did an offering of ackman block shares and barely found a home for it.
The essence of long or short is to understand the overall direction of the company's business. JCP I've followed for a long time. Now, Its in a bad situation and hedge funds smell blood in the water. My trading style applies the fundamental direction of the business.. I'm long a few companies and short about 3 stocks. bbry I've been short since $18. go look at it now. Onvo i project over 100. follow it.. had under 4. Let me know if you have questions on PM
Thank YOU JCP!! please make that offering!!! I will short the living crap out of this
LOL JCP can't get a lender..now desperately looking for 750mm-1bil.. Talking about doing an offering.. Just reported on CNBC. JMO
I hope to see it around $13 again..
shorts getting ripped? I made over 85k shorting this non stop. Shorts i know made a killing.. longs have taken an ass beating JMO
raising money now is not simple. DIP financing might be JCP only hope JMO
$15 I hope, I'd short 100k shares. Its heading for bankruptcy..JMO
I have that as an entry pointa
Thanks Schweinemeister. I have followed JCP for many years so I know this company very well.. $5? yes eventually. I wrote on my blog. JCP had their shot to turn it around but didn't. That whole rebranding campaign was a joke. Now. here we go again, back to "turning things around" guess what? Fresh new investment money will not come easy.. I can blast a list on why. The trend is south and i wouldn't go long unless there is clear evidence JCP retail business has fundamentally changed
JMO
Trading like a MM LOL..
covered another 3000 shares 8.06
Today is key!!! If it can hold north of 6.15 by the close. We'll see this open tomorrow north of 6.25-630..