Reposted on popular demand and by a special request from Tngen and alloro. Mark the date this was posted. Enjoy!
Lower the better. Blood bath most welcome. 'cause I'm loading up.
A profitable company trading at 25% book value. Non GAAP EPS for fy 2015 will be ~$1.20.
Best opportunities are when the sentiment is most negative.
I am rooting for JCP to go down; more the merrier.
It will always bounce back to 9; of course eventually double.
So, thank you shorts.
While you are LMFAOAYing today, I cleared ~ two grand profit AND bought'em back again! Not bad for a short day's work, eh?
I don't know but whatever it is, it's not with conviction.
Proof: he wetted himself when JCP hit 10; covered everything!
You are so thick, no amount of s*t%u$p@i**ty from you doesn't surprise me anymore. "Core" shares are those I keep, haven't traded, and will keep until JCP doubles or triples from here in a few years. "Trading" shares are those I buy and sell as JCP goes down and up. GET IT?
Now, I added today with the opportunity presented; and, I'll keep buying everyday as long as it goes down. Anything I buy in "trading" shares will be sold back at 9. Get it???????
exactly! concur! this is playing right into my strategy. Started adding to pos...love to see it go down to 7s.
at $7.09B enterprise value (EV), this baby is not going anywhere with the projected $1B EBITDA from the new CEO.
So JCP will drift side ways for the next couple of years.
Both long longs, and long shorts will be disappointed:
- I would like to see it to get to 12 or more, but it won't (I am a core long)
- Nor will it go bankrupt
My take is JCP will drift between 7.50 and 9.50, with an occasional slide below or creep above the range.
Given this, my strategy is very simple: trade baby trade.
I am happy when it goes down into 8s and 7s. Depending on how it got there, I may have as many as between 50,000 to 100,0000 shares by the time it gets to low 7s. It will eventually come back to 9 where most them will be cashed out.
On the othe rhand, if it goes above 9, I'll just leave my core holdings intact, buy my trading activity will decrease significantly.
So there. I know many of you are waiting for my strategy; I have made a ton in the last 12-18months, with this approach.