News says: Meanwhile, there were drops in retail sales of 0.2% for clothing and accessories stores,
In my book, this is dang good. Sure, the overall sales did not go up tremendously, but kids are no longer shopping at Ambercrombie, paying double the price of a regular shirt, and buying something cheaper at a place like (drum roll please) JCPENNEY
Anyone touching this, should get ready for a hot stove reaction
RSH is a joke. Nobody shops there anymore. They used to have neat gadget stuff years ago, but not it is just chinese junk, packaged up for resale, no different than any other retailer. Really, it should be gone. Anyone sending them credit to get by, is just wasting their time. Last time I wanted a product from Radio Shack, walked in and walked out without anything. True travesty of how a company can run things badly.
Not so much resistance, as to the parameters of the algorithms that these guys are working with.
They will purchase, when the price is right, and brings it back up. They are accumulating shares slowly, but surely. Someone is making a play here. They will probably get filthy rich.
Fear is all these guys have going for them. Good consistent buying for 2 days now. I would not doubt that Buffet or someone similar, is buying here. After all, many other stocks out there, way too high in price. Go after the companies on a turnaround. They always double their money under these circumstances. Can not wait for new CEO assigned to lead here.
I was stubborn thinking Google and other stocks were insanely overpriced, years ago.
Man was I wrong. Same here. Some firms are getting JCP shares cheap, and they know it.
In fact, with all those other stocks out there being as high priced as they are, you know these firms will start investing in JCP just because of those other stocks being so highly priced. Diversified investment is what they are doing.
Someone is getting shares cheap, and they realize that JCP is going to make it. News on CNBC last night had a company on, which said sales of clothing to JCP, Macys, etc. was very brisk for this time of year, and one of the better sales periods they have seen. Afraid the shorts are going to get burned.
No way they will go BK. Something else to consider. Wait till they get the new CEO announced.
We could have a 2 Buck pop in the stock, if it is the right person. Can not wait for that day.
Just Saying. Over reaction to selling. Someone is getting shares cheap here.
Remember this. Employees are your best source of information. People in the trenches doing battle every day can give you huge amounts of information on the daily running of the business. If they are fairly happy, then you know the company is turning a corner. Ask any company doing an analysis, you will find that these reviews are critical, and help turn the company around.
Fine, don't believe me. However, I got the discount, and 25% beats 15% discount coupon, any day. Call it my lucky day. I do not care. In any event, I saved a few more bucks. Any shorters here, are going to get burned. Not smart to be against the tide on this one. Manipulators ALONE will force this past 10 bucks a share, and we continue up from there.
Someone is getting shares cheap. Sure wish I could get that kind of timing. They will wait till over 10 bucks a share before selling any. They will double in a year.
Don't be a Dope, scrooge. JCPenney had things I could not find anywhere else, and I shop around. So glad they have a variety of things. And yes, the store was very busy and people are loving the sales.
Someone who actually did me a favor. Gave me a 25% discount coupon for use on Sunday. Mentioning being a stockholder has it's benefits. And I used it accordingly.
Had a nice conversation with a worker at JCPenney, who had a brief amount of time to talk, due to many people shopping there. She feels very confident that the company is doing things right, at this time. Confident in her job, the people she works with, and how busy the store has been. She did say the prior CEO had made major mistakes by having higher end merchandise, (martha stewarts type) selling last year. Getting rid of the last of that stuff now. People are back in droves, and it's back to how it used to be. If workers feel this confident, I'm real certain the recovery is already in progress. Results later on paper, will be awesome.
Ummm, BIG WRONG. Would any company lend $1 Billion in loan money for common shares at 9.65 without reassurance that there would be NO Bankruptcy??? Geez, some people are clueless
Only tax loss sellers at this point buddy. Plus, why try kicking a good company?? Anti-American mentality. They are turning this ship around, and doing much better. Shorting has a limited benefit. Someone is buying shares cheap and going to steal these shares out of the hands of the fearful.