Why ? JCP ain't going anywhere over the weekend! Shorts are in charge! JCP is a "has been" and "never-to-be-again" . It's over - but thanks to the JCP optimists - us shorts get to have our day over and over again. Thank you very much. Have you considered buying more? Please do....Better get some shares while they're still cheap.. Look what at Best Buy.. Don't want to miss your chance here. If your last purchase was a good trade, the surely a trade at these prices must be even better! I'm sure yiou have even better reasons for buying more. What's importanat is that you do buy more... heck since I started writing this JCP just raised from 14.13 to 14.25
started with a 40k order ... spiked from 1.38 to 1.40 ... but I got only 4k shares! ..the bar was 42k traded ... Who else is trying to accumulate? ...
As most of you know I'm not a chart guy when it comes to a micro-cap stock. But it's pretty clear that $3.50 is drawing pretty heavy resistance.
IMO this is the mental cutoff sell point for people who missed the 52 week high. I think we just need to work through a glut of sellers at $3.50. I'd be thrilled to be wrong though.
His sale of shares clearly indicates his lack of confidence in the company. He "earns" an annual base salary of $225k. He should be comfortable with that.
A quote from "The Social Life of Genes" September 3, 2013 in Pacific Standard
"Normally, a healthy immune system works by deploying what amounts to a leashed attack dog. It detects a pathogen, then sends inflammatory and other responses to destroy the invader while also activating an anti-inflammatory response—the leash—to keep the inflammation in check. The lonely Chicagoans’ immune systems, however, suggested an attack dog off leash—even though they weren’t sick. Some 78 genes that normally work together to drive inflammation were busier than usual, as if these healthy people were fighting infection. Meanwhile, 131 genes that usually cooperate to control inflammation were underactive. The underactive genes also included key antiviral genes."
Sentiment: Strong Buy
Just as I said Pinocchio:
"He will continue posting how he's averaged down even further on his AMD shares as they sink into oblivion. Then, on the slightest deadcat bounce, he'll run around screaming how he's making money on AMD."