13 million more shares to be sold before march 11th
By Vornado. No chance of this thing going up within the next couple of days. JCP isn't going to put out any good news, ie: ditching RJ until the shares are fully unloaded. I can expect a share price of around $12 by end of the week.
Thank you RJ...you've made me very happy. I had never been so sure of a short position as I am JCP. I never lost a minute of sleep...even when the share price edged up toward $21. Just shorted more.
Congratulations! You have changed this heartland store where middle class America happily bought their socks, underwear and slacks into a low fashion store where the metro and gays will not shop. The trendy group you tried so hard to attract just laugh at your product.
and....(a bonus!) the people you rejected and ran away will NEVER come back.
So enjoy this blot on your resume. BTW....you aren't so brilliant...Apple when you were there could have sold itself.
looks like you read that wrong... the agreement with Deutsche Bank is that Vornado will not sell any more of its 13 million shares before March 11th... short term this a a strong buy... gap up tomorrow... close to 18 by Thursday...