So it was CNBC "source" said the CEO not needing any capital for now
which caused JCP to go up thinking everything ok. Now a lady at JCP said that is not what the CEO said in their latest PR....I don't even know what CNBC for now.
Remember couple weeks ago Cramer said it's a buy at $13.
This story is growing by the minute, he said she said, all the while they said, millions of dollars were changing hands due to this he said she said nonsense. I see lawyers sorting this all out, to much money for those fine fellows not to flock to the action.
It seems the whole fraud was staged to pop up the price, so that the next day Goldman Sach can set the offering to a price of $10.000 But first, there was the scare by Goldman research analyst yesterday to push down the price. The price went as low as 9.0 pre-market today, and the crooks could have bought millions,
Then came the CEO comment, the price went up, the big guys sold, and the price came down again. Now only heaven knows what is next in the manipulation coffee desk.