I laugh every time INTC takes a hit .. and then I keep lowering my bid for more shares. More shares = more divy so it can't be all bad. I might sell some shares at $28 but not till then.
I don't think they are 'totally' in control. Someone(s) is buying those shares else this would be much further down than it is.
I agree that this is not the time to be buying anything. Something seriously wrong with this DA market in that one day taper is like a big worry and still the DJIA 30, 30 very over priced stocks, keeps pushing other overpriced stocks up and up and up with no concern about valuations. I started just today bailing out of this insane market with my 52 week highs and hope to continue tomorrow. Of course I'll keep my PWE because at this point the value funds are sure to be picking this up. I think sells because of margin are over but as you said it's tax loss season and thats the way it works. As much as I hate to I'll be dumping some of my energy stocks as well but again they are way, way over valuation IMO.
Doesn't seem like they have much money remaining. Maybe some of the insider execs can contribute with some personal funding.
Have to say I agree with you. At this point the shorts and hedge funds are having a great time with this but without any further news one way or the other they feel safe. This usually lasts about a week or so and then when many consider it a stalemate they cover and move to another stock.
In my opinion the new sheriff is taking a defensive position forecasting a long turn around and I would do the same. At this point Wall Street is playing this with their big $$ and HF trading (note volume persist) to see how many longs will fold. Looks like the radical MM play to the low 8's worked and took out some stops long enough for a hedge fund or two to cover and probably back out completely.
I give all of this action about 3 more days to finally settle out.
Yes, I know the feeling because I have all three as well. Long term they are good investments.
Bus Driver Johnson ran over JCP with them BIG tires and now JCP is FLAT out broke and looking for more $$.
This is one sick company... Maybe Obnoxious care can save this pitiful company.
I hope it hit right where the Indian giver Apollo bstrds reside and no where else. Like really, they cut a deal and then want to be be big jue boys. Cyclone.. blow these boys away.
For those holding JCP common shares book value means nothing.
There was a bunch of people not too worried about a company called Jones Soda and unfortunately they hung in there until it was all but gone