I called and was told they won't give out that kind of information over the phone, except to those that can prove themselves to be members of the media. So I said, well can you give me even a slight hint...so she yawned.
(seven-one-eight) two hundred-thirty-five-38-eighteen
What if the Flying Purple People Eater swoops down and grabs you tomorrow? Okay your turn in the "What if a ridiculous thing happens tomorrow" game.
I would cover long before they file for BK. If it looks like BK is inevitable or a strong possibility, then I'll be happy to cover down in the $1-2 range. Waiting for the stock to become worthless can take a long time, but it's even worse to try an keep the IRS off your back when you start putting "worthless" as your cost basis on a Schedule-D.
Because you're not a thorn in the side of every long on this forum. When I don't post they all miss me. They want me on that wall, they need me on that wall.
If you really want to quote past price action, from last November to last December JCP ran up from $7 to $10, then in January it crash dived below $5. That would mean that JCP is going to at half it's current value one month from now. Still want to use past price actions for predicting future ones?
BTIG’s Will Frohnhoefer downgraded JCP from a buy to a neutral today. Ben Levisohn tried to put a positive spin on this downgrade by calling it a "Vote of Confidence". Now there's a mis-guided fool if I ever saw one.
Nope haven't covered and I don't believe in hedging since you're really betting against yourself when doing so. I'll cover and go long when (or if) JCP stops posting losses per share. Because the "cash flow positive" declaration is false. There is no way to be cash flow positive and still post a loss per share. A loss means you spent more than you brought in and that's still a negative cash flow, regardless of how they try to spin it. The last 10-K JCP put out stated that foot traffic in their stores has declined, which means the increased sales comes not from more customers coming in, but rather the customers coming in are buying more while they're there. The problem with this scenario is saturation. Once those that are there have bought what they need they'll stop coming and stop (or slow down) their buying, the sales numbers will again fall by the wayside unless foot traffic can be brought up. As the sales numbers start to decline so will the share price because the threat of BK will again return.
More lies, JPM did not upgrade JCP to a buy. They have it rated as a neutral and have had it there for some time now.
Don't you think you're being a bit overly optimistic? This little rally is the result of two things, first, many of the big traders are on vacation until after Labor Day, and second, the price pops JCP had created a snowball effect with short covering. The higher the pop the more shorts covered, the more shorts covered the higher the pop. There will be a point when the panicked weaker short hands are out and that's when it stops going up. Then it will start to fall and longs will start to feel they missed the top and they will start selling. Then the shorts that covered will see the price going down and they will initiate new shorts positions, driving the price down further and faster yet.
When JPM sent their little analyst out to throw his Hail Mary pass on Monday, what did JBM do about it? Nothing, that's what they did, the maintained their neutral rating on JCP, they DID NOT upgrade the stock. That is a major price manipulation warning sign. If you can afford to sit on this stock for years to come, be my guest, otherwise ride your wave up for now, but don't get too greedy and know when to take your profit.
Oh well golly gee, the big meanie was picking on me, wah, wah, wah. You made that name for one reason and one reason only. Your own life is so weak and miserable that all you want to do is be like me and a copycat username was the closest you could come to doing that.