I have been looking at this stock for a long time now because it is cheap. But the truth of the matter is that it scares the #$%$ out of me to buy simply because retail business CAN NOT CHANGE OVERNIGHT. They need to sell all that #$%$ they have in their stores and redo everything. The middle class is broken now, no money, no jobs-- the ones that can buy the junks they don't need buy them at fancier stores like Macy, Nordstrum, Bannana etc. The things you find at JCP are #$%$-- it would take at least a year to get rid all that #$%$ and build a new face.
Thus, I am going to wait.....I hope that helps and not hurt anyone,.
only $10 climb with their Q3 numbers, gave up nearly half of the gains. It doesn't seem like management is pumping to $100-- maybe management wants it down before they rally it up again. These scoundrels are difficult to read now.
I said it before and will say it again. They make money off of peaks and valleys of volatility, getting the most out of either a fall or rise. The recent rally only made them $7/sh; hence, I highly doubt that this is the gain that they were looking for. By logic, it will shoot much higher. Only at the peak, management will find a reason to shoot it back down.
With that being said, I expect blowout earnings and more contracts. The rally that we just saw was only a warm up.
everything is up more than 5%. Government contracts? Saudi?