Suckers! Again I do not do this for fun people. That is going to be my biggest winner of a 13 year career. Time to start working on the next big one for next year!
Today is a good day, I have been accumulating the entire time and am leveraged up to my eyeballs! ;)
The company isn't going bankrupt wes. Don't give in to the false anxiety created by subjective price targets. As I've said before with this stock, bad media is having diminishing returns. You have consumer soft sales projected higher this holiday season due to lack of Congress turmoil in December, the pending announcement of a new CEO, and the upcoming q3 results later this month.
That is one company that is likely to go bankcrupt in 2014 The others are volvo , olympus , wnba , nook, martha stewart living magazine ,living social, mitsubisshi motors, living & track and leap wireless.Do not buy and hold.It is very risky and we are due for a correction in the s&p500.
That's a hard stock to figure out. The company is going to go bankrupt, things have gotten worse and they cannot compete, but the stock goes much higher this week? Up is down and down is up. The only thing we know for sure is the stock will be pennies per share a couple years out. That's not just an opinion it's a guarantee.
33% is what I use for my VXX positions. JCP is a HUGE portion of my account now and I am at $18M.
Also I sold my JCP as it dropped and kept buying more so I realized a lot of losses and my average on JCP now is $6.79. My REAL average is around $8.80 I'd say but I realized a lot of the losses and rebought down in the dumps at the same time. I understand you have no idea how to manage 20M so I do not expect anything less. Stick and move stick and move. ;) Just giving you a heads up.
As well I covered some of my BBRY short this morning and will cover the rest when its unhalted. I will be buying BBRY today! Wow this year is becoming INCREDIBLE!
On September 27, there was about 250 million trading volume (about five times larger than daily average volume). Just tell me what happened on that day just for curiosity. (I know that everyone including Ackman hates this company but I am open to any opinion for JCP longs).