Don't forget to run a trailing stop loss on your shares. Make sure you preserve most of your profit when JCP tanks after the Christmas sales results are announced..
Smart analysts know that JCP put its real estate in hock as collateral for a loan just to stay afloat. I'm hoping JCP sees another couple dollar rally so I can short the s*it out of it come January.
The stupidity of your post reveals the very reason you've lost your butt on this junk company. Face it, you were scammed, I know it's hard to admit, but you got screwed big time by big time players. Remaining in a state of denial as you are only keeps you open to more scams down the road.
Unfortunately for you the SA author did some serious dd on this company. Apparently you did not. This is why you are losing your ash on this garbage bin stock. It didn't take much dd on my part to realize what a scam this was. I shorted @13.55. Am I happy????
Do a little research and you'll see how stupid your comments are. This is a pump 'n dump turd stock on its way to sub $5 level.
"jimmy"makes a very good living doing this over and over. Same scam, different stock, same bagholder mentality for the sheep who got fleeced.
People never change, that's why "jimmy" keeps getting away with it. He may be a #$%$, but he's no dummy. Why do you think he lives outside the U.,S. ... prosecution protectiion???
If you've followed anything about Jim Rodgers over the years, you'd see that he does this stuff over and over and over again. Why do you think he moved to China?? the WEATHER????
This was NOT a profitable quarter. They still lose HUGE amounts of money. It's sounds real good to say revs are up "400%"...until you look at it and realize 400% increase from zilch is still not squat.
Put all the fundamentals together and the best scenario is still a stock valued way under $5 at BEST.
Good luck with your dreams, don't let them turn ibno a nightmare.
You are correct. But the scam is in the run-up. The way whoever pushed this junk to the levels it is now are skilled scam artists, pure and simple. I can't complain though, without these scams us short sellers would have a harder time making a living.
run like HELL!!!!
Jim does things for only one purpose....to benefit Jim Rodgers!!
Stupidman, why would you hold a $2 stock currently overvalued at $9, and hold it 3 months just to see if they MIGHT make a teeny bit of money??
"Mr. Rodgers" most likely has sold all his shares above $7, just like the rest of the management. Mr. Rodgers was brought on board for only one reason. To "mention favorably" about the company to cause a spike in the price so the insiders, including Mr. Rodgers, could sell their soon-to-be worthless shares to unsuspecting newbies.
Ya know? There outta be a law...
Not hardly. This pump job will start selling off soon. Everyone knows ER will be terrible as they always are. MM's will take it as far as they can before the reality numbers come out. Big boys have sold and are accumulating as many short shares as they can. Tuesday is going to be a bloodbath.
acevermin...you are no ace. Calling me all kinds of names won't save you from your losses. A little actual research on your part will how you this thing is worth about a dollar. Did you see where they lost a court case and the court has ordered them to pay settlement in excess of their total assets/???
This puppy may not even be in business a year from now.
$14 is merely a figment of your imagination.
I'm sitting on $12.85 short shares. Will cover under $3. In the meantime I did do a few day trades the last 2 days for extra $$$. Trade for quick bucks long, but don't make the mistake of "investing" for the long term on this junk.