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J. C. Penney Company, Inc. Message Board

deepseajohnny 17 posts  |  Last Activity: Jun 13, 2014 11:52 AM Member since: Jun 5, 2002
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  • Reply to

    Johnny and Feathers ..

    by mikeknox85 Jun 13, 2014 10:52 AM
    deepseajohnny deepseajohnny Jun 13, 2014 11:52 AM Flag

    Hi Mike, we must be on same page. I posted this earlier today and not sure if your post was in regards to mine or coincidental.

    "good job...looks like we both etched out a small gain. I'm sitting on sidelines waiting for buy/sell opportunity but not seeing it today. I own good amount of GRPN and sold some covered calls at 6 expiring today. Any thoughts on that one? May get back in but everything seems so high risk right now... "

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 13, 2014 10:03 AM Flag

    good job...looks like we both etched out a small gain. I'm sitting on sidelines waiting for buy/sell opportunity but not seeing it today. I own good amount of GRPN and sold some covered calls at 6 expiring today. Any thoughts on that one? May get back in but everything seems so high risk right now...

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 12, 2014 3:01 PM Flag

    We'll know something soon, I'm holding the puts so we'll see. I hate that only one of us will be wearing a smile tomorrow. Then again, I may just liquidate and live to trade another day on this news.

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 12, 2014 2:56 PM Flag

    8.5 is either going to be the floor or the ceiling here. I've seen it almost every week there are lots of contracts trading and stock closes at or near the strike. This week its 8.5. What's your thoughts?

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 12, 2014 2:49 PM Flag

    yea I sold 1000 call with that strike yesterday and today and am holding all puts. This is not what I expected to see late Thursday. These are hard purchases for between .01-02???

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 12, 2014 2:41 PM Flag

    No, this is very unusual to trade that many options day before expiration. I suspect a potential buy recommendation or something but this isn't making sense. There should be no value at that strike.

  • Reply to

    What just happened?

    by deepseajohnny Jun 12, 2014 2:27 PM
    deepseajohnny deepseajohnny Jun 12, 2014 2:37 PM Flag

    Wow! That doesn't explain the call volume. I'm on the crapper and there is no bid for the 9 strike, which I sold today for .01 then I stand up and sit back down at my desk and it was bidding .03. I'm like what the heck? Is this going to 8 or 9 tomorrow. JCP does the unexpected so who knows.

  • deepseajohnny by deepseajohnny Jun 12, 2014 2:27 PM Flag

    Stock jumped .2 and volume for Fridays 9 call went over 4000

  • deepseajohnny deepseajohnny May 21, 2014 4:11 PM Flag

    Okay then be sure to short the stock but you should have known all this before announcement and I disagree. Something positive should be said about the results. I think its cowardly to bring out everything negative after positive results. LETS get a consensus going and either take this up or down but facts are facts; people are shopping at JCP.

  • deepseajohnny deepseajohnny May 21, 2014 3:58 PM Flag

    Maybe I'll just become another negative lemming and sell the pops but that just doesn't make good common sense. I don't think anyone is predicting JCP will be out of biz in next couple years. Even with all this negativity it would take years and they still have solid real estate enterprise value. I just can't understand the dark side of owning this stock for the next year or 2. There is a recover in place whether shorts want to admit it or not. They couldn't have done much better and are showing improvement. I may get crushed on this one but rarely am I wrong. The only bad decision I can make now is selling on these fear mongers scare tactics.

  • deepseajohnny deepseajohnny May 21, 2014 3:54 PM Flag

    Hey I'm just investing to make some money and everything looked clear to go long. I figured we'd have a sustained period of short covering but this is a bloody mess and I would have never guessed to go short on decent news. Especially after todays run to 9.2 and then it sinks .7. Wow, just wish I had profited from that sink hole but I'm sitting her paralyzed and stunned at how low this thing has gone on NOTHING but NEGATIVITY given the security of a decent quarter.

  • deepseajohnny deepseajohnny May 21, 2014 3:45 PM Flag

    No different than when iphones couldn't keep up with demand. YES it is a good problem to have for what you and many others consider to be a dying department store. Seems they'd be having the opposite problem if was such a deadbeat store.

  • deepseajohnny deepseajohnny May 21, 2014 3:42 PM Flag

    Well investors are supposed to invest prior to big moves up not after and as a long investor I was right. Thus the major move up and then all the negativity. They beat all analysts expectations and even a short seller can recognize that is a good thing. Sadly there is no follow through b/c so much money has been invested into shorting the stock and they will stop at nothing to protect their clients assets. I don't think I would have played it the other way. I look for the bottom and invest up and if all this negativity and fear ended today you'd see a $12 stock. Just give it one day and like a rubber band it will bounce back. Staying put for now, no sense in giving this one away at pre-earnings prices.

  • It seems like there is a ploy to burn the house down in spite of 2 great turnaround quarters. Seems they are doing everything right yet being punished by bear prognosticators. Where was this bearish sentiment and brilliance prior to earnings? Wow...I have never seen so much negativity yet when I visit JCP they can't keep the Disney stores supplied. Plus they have great marketing I have seen on TV and in my mailbox making me want to shop once again at JCP. Where do the bears go before they cover? Is this closer to $5 or $11? Seems if they improved whereas the others ie Walmart, Target and others lost market why are we back to pre-earnings prices? I just don't get it and wanted to express this sentiment b/c I just don't believe if I became a short trader there is much more to bleed out of this stock.

  • Reply to

    Long time major shareholder is out

    by traxxky May 15, 2014 11:25 AM
    deepseajohnny deepseajohnny May 20, 2014 2:36 PM Flag

    Great perspective and thanks for the honesty. I am leaning toward your decision. I also have held on the belief that this was a strong value play but no support from management doesn't make me a confident investor. If they were on board they wouldn't sit by and do nothing as stock slides 7 out of 10 trading days and seems to lose 3% of its value every day. Its a sick and slowly dying stock and I don't know how much longer I can wait for a turnaround at the rate shareholders are losing value and confidence!

    Sentiment: Sell

  • More than 2:1 ratio in favor of Puts. Is this typical of CALL going into earnings and why does it seem this quarter is so much more significant? Is it b/c of this years run and people consider CALL a range bound stock destined to go back to 10?

    Thanks

    Sentiment: Buy

  • Reply to

    Am I missing something?

    by deepseajohnny Apr 29, 2014 4:17 PM
    deepseajohnny deepseajohnny Apr 30, 2014 10:01 AM Flag

    Well fellas...I think we are really missing something here. Another 4% drop today says investors not that interested. Losing heart quickly in this one and believing maybe easier to make money as a short trader.

JCP
9.23+0.01(+0.11%)Jul 29 4:02 PMEDT

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