Buyers are drying up, soon there will only be sellers then down she goes!
No, when he hung up he looked at your account and saw you were broke!!! Then he yelled to the back room "Short another 250K Shares!! Lol
And then they will say, it is too early to get in, wait until after X-Mas and pick it up as a Spec play at $2.00
I would not trade todays gain for a loss of almost $20,000.00 year to date, reality sucks huh?
They have taken it down from a high of $25.96 so far, so the rest will be easy.
All the rest is just pure B.S. "and it walks"!!! $4.00 will be the next test and if it does not hold then look at $3.00
The truth? For jcp longs this has been a train wreak in slow motion, a investment of $35,000.00 today is worth $6,570.00!!! Wake up and smell the coffee, jcp = RIP
Or Bonds, the Common Stock gets wiped out during BK. FYI
Too much debt to keep the lights on, last one out turn off the lights.
" Deutsche Bank analysts are preemptively cutting their earnings targets for several retailers just ahead of earnings releases scheduled to come out over the next few weeks, citing " declining mall traffic (down ~6% YOY past 3 weeks), slipping consumer confidence, lack of must-have fashion items, and unseasonable weather."
"Overall, we believe sales are trending materially below our prior view and consensus, and we are therefore lowering [same-store sales] & EPS estimates for [Macy's, Kohl's, JCPenney, and Nordstrom]," write Deutsche Bank analysts Paul Trussell and Matt Siler in a note to clients. "In addition, we believe the Department Store sector has experienced market share shifts to Off-Price retailers and Specialty/Vendor shops as well as a crowding out to other pockets of retail, particularly Home Improvement."
When their investments fall 10% the trigger will be hit to auto sell.