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Renren Inc. Message Board

georgejabbs 37 posts  |  Last Activity: Apr 8, 2014 2:39 PM Member since: Jan 5, 2013
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  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 26, 2014 4:24 PM Flag

    Correct. JC Penney did quite well actually, and that was for a bad winter. Retail should only get stronger over the Spring and Summer, and really peak come the holidays. This is a long term hold. Have a great day.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 26, 2014 4:19 PM Flag

    I'm adjusting my price target higher to $11. They are trying to tempt people into selling here and taking little profits. We should be above $7 this week if you ask me. Good luck to you.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 26, 2014 3:55 PM Flag

    Not enough. My current price target is $9.12 based on my own charts. Will lower/higher the PT after hearing the CC.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 26, 2014 3:30 PM Flag

    Do you still wish to discuss my points?

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 25, 2014 1:54 PM Flag

    That was 5 years ago. You have a good memory.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 25, 2014 9:54 AM Flag

    The "folks" you are talking to are money managers betting against you. Studies show that mom and pop investors are significantly weaker when it comes to holding stock, and they will sell into fear before the deep pockets decide to cover. But you have big money on your side now. I reveal myself in this manner because it is the only way to get short sellers to take me seriously. They won't now, of course, but as they say in this business, money talks. When you see JCP steadily climb up that bullish channel, my words here will have more effect on them. In any event, relax and enjoy being a shareholder. It will pay off.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 24, 2014 8:12 PM Flag

    My post was made to reassure long shareholders that JCPenney isn't going anywhere and that the share price has been manipulated down for two objectives. One, to get retailers to sell at a loss. And two, for insiders to accumulate. You probably aren't interested in reasons to be long because you are short, I assume. Fine, that is your bet. But let me warn you, I've been in a number of stocks over the years that were left for dead, only to surprise to the upside and leave all the dreamers still dreaming that they had gotten in. Anyway, sounds like you are new to the markets if you don't understand position initiation. Investors never look for a bottom and buy there. Investors buy INTO a perceived bottom when they feel an oversold condition has been reached. That's where we are sir/madam with this stock. Again, this is not about tomorrow, or Wednesday , or next week or next month. I'm here to stay, and being that I'm a 100% cash buyer (no margin), I've got time on my side. Shorts and options players, well, the clock is ticking on them however.

    Good luck to you...may the smarter man/woman win.

  • Reply to

    Reasons to be investing in JCP

    by georgejabbs Feb 24, 2014 6:43 PM
    georgejabbs georgejabbs Feb 24, 2014 7:01 PM Flag

    Hi alloro,

    You might have misread/misunderstood my post. I am not a day trader -- what happens on Wednesday is irrelevant. You are talking to a long term investor. And the points I made are all based on a long-term strategy. If it goes down, great...I'm buying more. If it goes up, I may consider adding to my position based on what I hear in the conference call and my own analysis of the report.

  • I'm officially announcing that I am buying JCP here. Today I purchased 2500 shares at $5.25. Not a lot, but that's just the start. I expect this stock to fall some more as I'm sure the market makers want to scare people like me out. But as a long term investor, I am prepared to buy more on dips and plan to hold my shares for 1 year.

    The vast majority of poster lack credibility or make up things, and I don't expect to gain anyone's trust. I am making my bets that JCP will return to double digits by summer, if not sooner. I have my reasons, and here are some important ones:

    First, we are coming upon an election in November. The last thing Democrats want is a retailer such as this going bankrupt on their watch. Going lower will not help either, as a weak retail indicator will make it VERY difficult for Democrats to prove that their leadership is working. It is mandatory for them to show the economy is improving, and that means consumers are buying, and that means JCPenny MUST have a turnaround.

    Second, Target is suffering since their security breach. That's not in the news, but most consumers who shopped their went to competitors. JCPenney is surely benefitting. People are not spending an arm-and-a-leg to shop Macys and Saks, as much as Wall Street wants you to think. If you ask me, it is THOSE stocks that are poised to fall. Walmart is losing customers to higher-end retailers such as Kohls and JCPenney. These are facts that you will never hear admitted on media.

    Third, let's admit we are looking at pure manipulation. This stock has no business being at $5. LMAO!! What an opportunity! We're here because hedge funds want to scare those who were in since $20...30..40...maybe more! This is a shakeout of the highest order, with insiders begging people to throw up their hands and give up! Very few are dollar-cost averaging, but what is worrying insiders now are new investors initiating positions.

    It's oversold, period. Will turn soon.

    Sentiment: Strong Buy

  • georgejabbs georgejabbs Feb 19, 2014 8:32 PM Flag

    Apparently you haven't been playing this game long enough to know who is who. Those giving you the thumbs down represent any entity that prey on the retail investor. These message boards are free, and knowing that, the people in here who post 24/7 work for short sellers, hedge funds, market makers, Wall Street, insiders, anti-retail investors. Better to just post your opinions or thoughts here, but know who your audience is. If you sound like the typical dreaming long investor, chances are good that you will get attacked. On the flip side, if insiders are quietly selling, they will hammer you if you even hint about selling. Look for clues. The same cons that were calling for $70 when this was trading at $8+ are still here. Go look at my history. I told people to sell. In retrospect, you can see that if you had listened to me, you would be sitting pretty. Now I've been kind enough to give you this much explanation, and if you return with an insult, then it serves you right to be treated like an idiot too. So think about what you say back to me before you post it. You want logical explanation, I gave you some. And if you want respectful discourse, then you have to appreciate people who take time to give you a respectful response.

  • Reply to

    Listen up, people...

    by georgejabbs Feb 19, 2014 3:15 PM
    georgejabbs georgejabbs Feb 19, 2014 8:19 PM Flag

    I lost $1200 today trying to beat the MM. And this is the first time in nearly 30 years of trading that I experienced a situation where in approx 50 trades today, I lost EVERY time! They had some maggot on my tail all #$%$ day! I was a victim of illegal #$%$, no question, and I'm seeing a securities attorney about this tomorrow. I've been in MGM since $11, so I've made a nice penny with this, but today was just unacceptable.

  • georgejabbs by georgejabbs Feb 19, 2014 3:15 PM Flag

    I've been trading this stock all day, and the market makers are having a field day with me! Every time I buy, the stock goes down. Every time I sell, the stock goes up. I've been maintaining 20K shares so as to not get shaken out, but they are really manipulating this baby today!

    Bottom line, this stock is going to $30+. May not happen soon, but will happen based on what they have been trying to do to me. Keep buying the dips and hold this puppy. GLTA

    Sentiment: Strong Buy

  • Reply to

    What the heck just happened?

    by spaulus1953 Jan 31, 2014 1:38 PM
    georgejabbs georgejabbs Jan 31, 2014 3:02 PM Flag

    Go tell goldie that they need to hire better pumpers. I can smell idiots like you miles away.

  • Reply to

    What the heck just happened?

    by spaulus1953 Jan 31, 2014 1:38 PM
    georgejabbs georgejabbs Jan 31, 2014 2:55 PM Flag

    An amateur is one who titles his post "What the heck just happened?"

    Gee, I wonder who that amateur is?

  • Reply to

    What the heck just happened?

    by spaulus1953 Jan 31, 2014 1:38 PM
    georgejabbs georgejabbs Jan 31, 2014 2:50 PM Flag

    A buy as you described would have taken this stock to $9 intraday looking at the technicals. The day's not over, but if this hangs around here and start dropping last hour, then it was a headfake.

  • Reply to

    What the heck just happened?

    by spaulus1953 Jan 31, 2014 1:38 PM
    georgejabbs georgejabbs Jan 31, 2014 2:44 PM Flag

    I am always amazed by how naive people equate action on the options markets as some "guaranteed correlation" of price movement of the common stock.

    No connection, pal. All those bets could go bust.

  • Reply to

    What the heck just happened?

    by spaulus1953 Jan 31, 2014 1:38 PM
    georgejabbs georgejabbs Jan 31, 2014 2:06 PM Flag

    AKS does this every Friday...consider yourself lucky that you are watching the ticker.
    I'd sell into it and buy back next week when we pullback to mid-$6.

RENN
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