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Nice! Hope this merger works out!
RSI at 80+ and still not stopping! Beast!
Do you think the volume will continue to grow?
Where's Mark? He still around?
Awesome! Hope you make a boatload.
This is quite possibly the worst post I have ever read on IHUB. IMO of course.
Good sell! IMHO this will never be a stock to go $Long.
Look again. Large bids being put up as this falls back. People are trying to sell while the volume is here.
Smart money is selling on this news today. IMHO
"If it does win the auction for J.C. Penney, the brand would still disappear: The firm plans to rebrand some stores as Belks and liquidate others"
I'm neither for or against the return of this iconic brand. I speculate, invest and sell on news. I bet longshots religiously and unless I feel that I have found Lightning in a bottle, I take my profits and move on to the next. There is nothing special about this brand nor do they have anything that is proprietary. GLTA. This is all IMHO.
Agreed. And some of the stores that dont overlap will be Belks. It doesn't change the fact that the JCPenny brand will disappear.
An article states tht "JC penny brand will disappear and some stores would be rebranded as Belks "
IMHO I see this happening so I would sell on this news with the other informed investors.
I agree that this stock is overpriced at this level but $10 is a stretch. I feel that this will be back to around $20 if they cancel cruises till spring 2021. IMHO always
I ask myself why the insiders are selling. The only explanation I can conjure is that they dont want to loose everything. Who is buying? You? Me? I have been eying JCP for a long time. IMO this can possibly hit teens again without volume.
Advice- Sell on news and flip. Dont become a bag holder.
Are you saying this in disbelief? Is this your opinion? Do you know something we don't?
Good thing I'm not a fake bear! I'm in now and will be out again the minute it hits .395.
You see, I belive this company has a chance! I dont believe in flooding the board with thoughts and wishes.
And good luck to you. Spend your earnings wisely and invest in our youth!
There may be an increase in stock price from news and I hope people make money, It's not cut and dry.
This is gambling! Nothing more, nothing less.
Such speculation!
They have also done business with ENRON!
Too much reaching and not enough teaching.
THIS MEANS NOTHING. AlixPartners is in the category of Transformation & Restructuring. They are consultants who have worked with JCP for more than 7 years.
Hahaha! Awesome!
What's it at now?
there’s no rational reason to invest in companies that have filed for Chapter 11.
The most likely outcome is that you get wiped out. This could happen if the company cancels its common stock and hands over equity to the creditors. Or, like in the case of Sears, a separate entity acquires the operating assets. In that scenario, the proceeds are distributed to creditors, and shareholders get nothing. This may wind up happening, given news of private equity firm Sycamore Partners’ interest in buying the company out of bankruptcy.
Alternatively, the company could liquidate completely, distribute proceeds to creditors, and again, leave shareholders with zero. No matter how you cut it, there’s likely no underlying value left for shareholders.
JC Penney kicks off liquidation sales at 136 stores this week
Dosent look good!
You are answering questions that have a answer with your opinion? Please research and reply instead of throwing darts.
I am not new but I definitely have some things to learn. I have hit a few bangers in the past 6 years and will continue to do my DD so I can find some more. Hope this goes to $$$$ for you! I just think there are other better investments to be made.
I'm out!! IMO this is one of the most frustrating stock I have ever owned. It is obvious that there is a major selloff and us dreamers are buying thinking its Lightning in a bottle. I refuse to be a bag holder here. Good luck longs!
Possibly. There is a high probability that anyone who purchases this company will dismantle it. There are some that believe in a nostalgic business and an iconic name who will want to preserve, I'm one of them. I live in Chicago and still call it the Sears Tower no matter what they change it to!!
IMHO.
That's why I said it was a step in the right direction.
This shows intrest in their retail space and possibly creates an intrest to make a major move sooner than later for those sitting on the fence. IMHO of course.
A step in the right direction!
Amazon.com confirmed to take over part of J.C. Penney's former Wauwatosa warehouse
MMs are consistently putting large blocks on the ask at .369 to hold
.37 is a tough bit to crack!!!