To all the faithful longs and valued investors of JCP. Good morning!
I started covering JCP in late 2012 at low $18 for 30,000 shares. Sold nearly $23. I re entered at low $12 and low $11, $10, $9 and doubled down at low $7. I own officially 90,000 shares at the average cost of $10.35. I have many opportunities to sell JCP with profit last quarter and again this quarter, but I hold every single share of it because I firmly believe that JCP will be over $27 in 2015. Another fantastic successful story like UAL and Micron that were once big under dogs and were badly beat up by the street and the analysts. Today both companies have not only prevailed, but have shown and delivered a huge positive success to the street. Since then, the street changed its mind and have covered nothing, but good stories about them. I urge all the valued and smart investors to hold on tight to their shares and ride JCP into 2015. You will not be disappointed. Be strong. The current CEO has shown a brilliant leadership and management. He put words into his mouth that he bought a million dollars worth of JCP stock with his own money cost to $9 and CITI purchased all Ackman's shares at $10.15. JCP will shine in 2015 and this is only the great beginning of the JCP.
Sounds great 49...
Itching to sell a few calls against my
Position (in hopes she settles in and they expire
when and if she pops to mid 12's
The men in the "c" suites are churning
Some product nowadays....
Everyone forgets the savings initiative's
And infrastructure that rj did right if any of
His ideas made money...those are still
In place and we will make money...
I'm with ya. 4,000+ options contracts (effectively 400,000 shares) 2015 and beyond and I'm holding. Tried to tee up legit debate with the shorts but it didn't work. Maybe they will reach out when it's at $15?