Here we are back at 10 again. Overall market needs to help but if it does the shorts will really be hurting. Most are underwater as it is. That's why they sound so desperate on here.
Lol. I like how I get to you. You just have to respond. You remind me of Biff, that bully in the movie Back To The Future. And please, don't ever think I aim to play in your league. I aim much higher.
Good fundamental news with sales and earnings improvement. Good technical move also. Look at the one year chart and you see a rising head and shoulders formation. The left shoulder based around 6 in January. Next leg down was in May and based at 7. Now in August JCP broke through resistance from the left shoulder on the upside at 10. We should see it challenge one year high around 12 soon. Additionally, short interest is 30% of float. Just needs a little help from the overall market and we're off to the races.
How was your GP today? How about your ROE? JCP made a statement today. Might set back a bit over the next couple of days but the turnaround may be upon us. You should cover soon.
Like I said there were some sales but not a lot of cut rate stuff. Person ahead of me spent $250. Guy at other counter spent $125. Store was active. Lines at all the checkout lanes. Time will tell.
Very busy. Lines at checkout counter. Some sales but not like everything was cut rate. Maybe they have turned things around.
Yup that short game sure was over last night. Lol. I've covered, shorted more and covered more today. Have less short than last night at this time, though. Will short more if we get any type of rebound. Thanks.