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J. C. Penney Company, Inc. Message Board

  • snow.ball7 snow.ball7 Oct 18, 2013 3:23 PM Flag

    JCP spox lashes out at false rumors, condemns "market manipulation"

    CNN http://money.cnn.com/2013/10/18/investing/jc-penney-stock/index.html?source=yahoo_quote

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    • i think this article is a big deal. basically says all the drop from 7.80s to 7.00 is a passing thing. Right now I think the NYSE designated market maker who controls this is letting a big short cover at some pre-dtermined range down here.. and also he is accumulating inventory from sellers.. he's gearing the stock up for a move higher that could be sustainable this time. This really could be the bottom. I mean it.

      Sentiment: Buy

      • 1 Reply to snow.ball7
      • From the management who said in August they would not raise funds in 2013 and would finish the year with $1.5 billion.

        Now they raised $850 million and say $2 billion cash end of year? So they lost $350 million in a month and didn't see it coming? They've been selling this turnaround for two years and nothing that's been said has come to fruition. They're the ones who are spreading rumors about a rosy future.

        The people saying it's BS and they are in trouble are the one's who have been right all along.

        Who are you going to believe?

 
JCP
10.77-0.21(-1.91%)11:00 AMEDT

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