I saw that article too. Any news of a good holiday season and this stock will move higher quickly. Shorts don't want to even think about that likelihood.
Did that bad weather effect just JCP or everyone? Just curious. By way of comparison, our local JCP had more customers in it than Macy's during the holiday shopping season.
Sorry I didn't time it to be in right near the very bottom as you would have done... or out with a comfortable profit somewhere near the short term top. I don't paper trade anymore little boy. These are real numbers. Go on home now. I think it's time for your nap.
Unless of course you count the 100% rise in the stock price from the 5.44 low several weeks ago... of course it has come off that a bit but still hardly a "total loser".
My average is $7.44 in Blackberry thank you very much. Keep paper trading for practice and maybe someday you can use real money.
Too bad funds and institutions don't call in their stock certificates. That would remove those shares from the pool of what shorts can use to borrow to continue driving this share price lower. A company called MicroStrategy (MSTR) asked its holders to call in certificates at a time when shorts were in control. That stock went up something like 60% in a week. This company could do the same thing.
Marking prices up so that retailers can announce a big sale??? That's been standard practice for decades at least. Don't know why JCP is being singled out and punished except that shorts control the shares and apparently have friends in the media.
Too bad funds and institutions holding JCP shares don't simply call in their stock certificates. It is a simple thing to do but gets those shares out of the marketplace so shorts can't borrow against them to drive the price down further. Simple, simple, simple.
Is it true that shares are down today over a newspaper article that reveals that retailers increase prices so they can mark them down for sales? Wow. That's been standard industry practice for decades. Why pick on JCP for it? I don't whether to laugh about the stupidity in the market or cry because of the stupidity in the market.
All depends on when you read the charts... still down, what, 25-30% from when you recommended it a couple days ago. Go ahead and keep reading those charts. Someday maybe you'll get the chance to invest with real money.
Market won't like the news. Sure. Wrong yet again but I'm sure you bought the very microsecond the stock started moving up so you are up 6% in a few minutes.
dgaz is raging! Turnaround imminent!! Big money to be made from trading these 3X ETFs. Been doing it since they came out.
No volume also means no one is selling at this low level. Liquidity is fine and company turnaround is on track by an experienced operator. Look forward to uptrend in the future.