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J. C. Penney Company, Inc. Message Board

  • yahutag yahutag Jan 18, 2014 10:32 AM Flag

    Does Ullman have it in for shorts?

    When Ullman commented during the last CC on the allegations made during the summer that credit was being denied by suppliers, there was a measure of anger in his voice. Shortly thereafter he purchased $1 million in stock, which drove many shorts to a loss.

    The 12/3 announcement of a 10% sales increase for November was probably expected by him to come across as good news, but it was turned into bad news. With all probability that really #$%$ Ullman off.

    If I were he, I would be setting up the shorts for a major fall. He could do that by carefully timing and packaging upcoming announcements. If I were short, I would have great fear that one of these days, JCP was going to let loose with a barrage of announcements that would virtually preclude a gain by anyone who sold short since last summer. If you're long a stock, you have management and the employees on your side. If you're short, you have the opposite.

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