every lesson in life costs you a certain amount...the SEC will be wondering why they are holding it up at 13.85 when they PREVIOUSLY MADE NO EFFORT AT /OF "SUPPORT" I.E. BS REGARDLESS OF THE LEVEL THEY WERE BEING MANIPULATED AT THE TIME....I don't normally wish anyone a cash earned lesson but you know-it alls know better, you stay long, you'll get what is coming to you
greedy shorts keeping it pinned until enough buying comes in to take them out....unfortunately both institutional longs and shorts benefit from this, the long institutions are MORE than happy to sit here and buy at rock bottom, while the shorts get to cover their mistakes at the shareholders expense
Why else would they sell so much here to cover their shorts?...3rd day in a row, all bs....they have kept the macd pinned at .00 or lower for 3 days, all bs, not a real market machination, all manipulation
Mystifies me, considering how clearly I remember one of their PR's saying they had enlisted 3 separate, elite law firms to keep them in compliance at all times...what happened there? More phony lip service? Those conferences coming up are going to concern 1 topic, all the lawsuits...wouldn't want to be Painter, they are going to hit him w/many questions he can't answer, and their believability and credibility are plummeting by the day....lack of into concerning sales etc to the investor non-existent...they put out 10 pr's yesterday, not ONE of them gave the investor any facts to use re sales etc....bad bad idea.
Longs be patient, they are washing out the weak hands and shorts...this is how JBLU has driven away people in the past, don't make that mistake
JCP is going to be taking Macy market shares, like it or not the economic downturn BEGAN 8 years ago...a decade of people taking any job they can get w/less pay and less benes WILL eventually catch up w/you...the rich get richer, the lower middle class slowly slides below the poverty level as inflation SOOOO far exceeds the pay increases on an unrelenting fact of living ...just a matter of time before we blow up.
"This cl#$%$ action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”)...they are inferring they cooked the books and fed the invertors misinformation, started so in another cl#$%$ action suit against them...if that is true, they better have Paul Allen ready to write the biggest check he ever wrote to cover their #$%$.
listen to how he talks about JCP...he is going to hit the ground running from day 1...bringing his "warrior" mentality to JCP...in a similar vein JBLU languished for years under the same CEO and traded $5-8 CEO, revised policies, up to 20+ now less than a year after the new CEO