Hey, all you kids out there, listen up..
There is no such thing as supply and demand (theoretically or practically as you know it) when it comes to the stock market. There's a third party and shadow 4th party that control that Level 2 you are looking at. You fondly call that "manipulation". Stock will move up when there is ANTICIPATION of going up/down (notice I did not say "buying or selling"). There are entities with practically infinite shares, and you little people have to hope that you are riding on the right elephant!
No way to make serious money in this market unless you have insider information, which as you know, if illegal. But with JCP, the action speaks for itself. you have to ride that elephant that is taking this to $10 and beyond.
There...and you didn't even need to go to school for that. Consider that bit of education a gift from Mr Ivy.
then someone like Citigroup will upgrade again BMO and when this is trading around $9.20, these same funds will short again back to $8.65.
226,000 X .60 cents = a lot of moolah. That's AH trading for ya
we're going to 10, and we'll never look back....that's why this buying opp is so fragile right now. gotta grab those shares!
The only people selling: Retailers
Massive accumulation by hedge funds between $8.40 - $8.65. If we go lower, they will just buy more whatever the weak hands sell.
Wow! What a selloff, huh? But look at JCP...hmmm...makes you wonder, huh?
That's right! It's hedge funds, market makers, traders, whatever you wanna call 'em! They want YOU to sell into fear! You should say #$%$ right back at 'em, and BUY INSTEAD!! That's right, this is definitely going to double digits. The market has sold off and JCP has spoken! WE SHALL NOT GO LOWER!!!!!!
Traders are trying to make money between $8.40 - $9.20, but if you are a retail investor, you'd be smart to see what is REALLY going on. This is purely about getting old money (retailers) to sell into fear. Yes, JCP is going higher, much higher. Be SMART. Buy 1000 shares here and sell when this goes to $15. That's an EASY 6000 bucks!
1000 X 8.80...that's only $8800. Do it, and in 6 months or less, you will have nearly doubled your money/
A true market correction would have taken this stock to $7. But as you can clearly see, there are forces holding this up above $8.65. It's a scare tactic to get retailers to sell. But they will pop this up above $10 soon. That is why I suggest buying 1000 shares here.
exactly, that's why just pay attention to the last high that "stayed the course", traders are trying to trade between $8.40 and $9.20.