But he drives a nice car and has a girl. He said so over the Internet. You have to believe that, don't you?
Will have to change your name to sergeant_long pretty soon. Can't you see that trading for pennies on the short side simply isn't winning over buying long? An educated and experienced trader would see that to be true.
Interesting data point. I can hardly wait for shorts to make comments like:
"poor people drive one at a time to JCP to get something at 70% off whereas wealthy people car-pool to the other stores to buy lots and lots of stuff so there's actually more (better) customers at the other stores."
While I would like to believe that... someone who cannot spell George Soros' name correctly is hardly believable.
Of course the good guys all use just one id while the bad guy(s) uses multiple ids. LOL
JCP has enough cash and liquidity now to assure survival for a couple years (from what I read elsewhere). Another problem that shorts have is that the funds could simply call in their stock certificates. Short interest is well over 100%. That means shorts borrowed shares from funds and sold them back to the funds creating the short position. If enough of the funds simply called back those share certificates, shorts would be in a pickle.
The turnaround is established and gaining ground. Absolutely no reason to go bankrupt. Feel free to keep talking about it if it makes you feel good though. Just don't invest real money in the market... keep paper trading till you get a grip on things.
The JCP store I visited over the weekend had fewer clearance racks than it did during the holidays. They are clearing out that old inventory from the RJ era. That's good news going forward.
Then the stock dumped back down to $8 on news of a hedge fund selling out. Which is the better indicator of future stock price direction? I'm guessing that increased customer traffic will win out. That's because even though that fund sold out, the people are still there.
Are you jealous because you only use a dozen different ids at any given time? Or are you still standing by your lie yesterday about only having one id?
And any ongoing rent was figured into the stated $65 million savings. Once those stores are fully off the books, the savings will be higher.
For God's sakes man, do a little research before you post! JCP just issued a boat load of shares at $9.65 to raise cash to help with the turn around. No way in heck they do a share buyback now. Best thing to hope for is that the company encourages funds and institutions to call in their stock certificates. That would create s short squeeze.
I hope that the company preannounces some news when it sets the exact earnings announcement date. That could stop the bleeding and turn the trend to a more positive direction. The news of saying they are "pleased" with holiday sales didn't cut it.
Sixty cents on a 10,000 share investment and you are now calling management trash?! Today's beating is in the market, not due to management. Maybe it will come back tomorrow... maybe it will take longer. You sound inexperienced if you call a one-day movement in the stock price the fault of management.
Thanks for the daily bragging about your profits. Now go back to your blowup girlfriend and your matchbox cars.