You~ got~ trampled~~~.You~got~trampled!! . I was early, but RIGGGGHT!
Did the Mother OF, Lancer2K, Tngen, Mess, 85, and all those zany characters that post here, get what they have been waiting for?
Heh heh heh Be careful what you wish for...AHAHAHAHAHa and HA!
By Douglas A. McIntyre March 25, 2016 9:10 am EDT
"The turnaround of a company’s share price, presumably based on a turnaround of its business, is never complete until the naysayers retreat. After the company posted Lazarus-like results for the holidays, the short interest in J.C. Penney Co. Inc. (NYSE: JCP) for the period that ended March 15 dropped 23 million shares, or 25%, to 71.1 million.
Short sellers have been trampled in the past month as the retailer’s shares have risen almost 14% to $11. The reason is plain enough. J.C. Penney announced particularly good fourth-quarter earnings, which included the critical holiday season. Two years ago, it was an open question whether J.C. Penney would be viable after the holiday period".
Read more: Short Interest in JC Penney Plummets 23 Million Shares (NYSE: JCP) - 24/7 Wall St.
"There days are numbered"
I know I speak for Longs here, when I say, " I heard that at $6, I heard that at $7., I heard that at $8.,
$9. and now $10.
I look forward to hearing that at $15.
Lets look at $11.00, keeping in mind JCP is now trading above it's 50 day and 200 day moving average, and pretty much the entire month of March, 2016. I don't know what you are seeing, I'm seeing the turnaround is working. Still thinking JCP will be trading north of $25 within 2 years.
Count on me to report it!
Snow Globes JCP sells in Hawaii?
They can't keep an inventory there, and I heard they don't even discount them there....
Disney Tinkerbell Snow Globe
Check it out.
"Only problem is"
And most of the shorts that post here, shorted JCP @$6.72 and lower!
Where did I get that number from?
The same place you got yours from!
Slight pullback, Sir Walter. MORE WOOD, we need more dry wood for the fire.
The followers have followed the price up from $6.66 and when you see where JCP is now, the devil is in the detail, for sure..
"sums it up"
Here on Cherry Pick Lane, we say $11.23 ($6.66) = $4.57 = a YTD gain of .69%!!!!!
And that certainly (sums it.... 'UP')!
As 2016 unfolds JCP Longs are overwhelming beating the crapola outa da shorts, and wishing JCP declines in price, is not an investment strategy. The handwriting is on the wall, and it spells 'turnaround'!
Swaggin is Swaggin I'm markitvalue with an i!
Trump might go after Macy's thru JCP, he's really pizzed off you know.
Wonder what businesses he'll add?...The store within a store concept.
I'd like to see Trump filing an SEC form 4 JCP ownership statement.
You see that, and I'd pack my bags if I were U.
Still think Ullman receives more comp than Ellison? Even with the 4 plus million sign on bonus, Marvin received? Add to that a performance pay package of up to 300% of his base salary.
Ellison be da man according to JCP!
And computers get viruses as well as people. You should do something about the bankruptcy virus you have.
It's just not happening here!.
As Sir Walter would say,
J.C. Penney Is in a Slow Rally to $18
By Bruce Kamich | Mar 15, 2016 | 10:28 AM EDT
J.C. Penney (JCP) stumbled hard in 2012 and 2013 -- and some market observers may have written off this retail name as a result, but a recent burst to the upside has turned its chart to "interesting" from "depressing."
Depressing, if you read "
"You Know Who"!
Some joker said the same thing when JCP was $6, not too long ago, and now it's $11.25! HUH?..WHAA?
GOSH, now that's jolly.
"buy JCP stock"
The music is playing, but the station you are listening too is transmitting on a strange frequency.
Stop listening, and read this:
"How J.C. Penney Pulled Off the Retail Turnaround of the Century"
3/14/2016 10:47:03 AM - Motley Fool
And BTW, stopped in JCP on Sunday and talked to a cashier in the women's dept. and asked how business was? She said 'very busy, and that she was tired'!
I believe her, as there were lines waiting to check out.
Checked the children's dept. same there, lines waiting to check out.
JCP IS BACK!
In 2-3 years, if not sooner, we'll be reading 'head fake' subject matter, but at around $25. a share!
Marvin say's "I double dare ya"!
JC Penney: CEO Marvin R. Ellison bought 50,000 shares
JC Penney Co. Inc. (JCP) CEO Marvin R. Ellison bought 50,000 shares on March 9 at an average price of $11.22. JCPenney was incorporated in Delaware on Jan. 22, 2002. JCPenney has a market cap of $3.43 billion; its shares traded around $11.22 with a P/S ratio of 0.27.
JCPenney recently announced financial results for its fiscal fourth quarter and full year ended Jan. 30.
strong sales growth, accelerated gross margins and disciplined expense reduction resulted in full year adjusted EBITDA of $715 million, a $435 million increase.
How do you expect to lose, if you don't play?
"I Question Myself, My Thoughts"
And did you ever question the last time JCP closed @$11.99 or higher?
I did, and found it was 9/20/2013, 2 1/2 years ago!
Looks like a turnarounder to me. Then again its my opinion, Every Day!
"Ever notice how GS drops the PPS around the end of each year"
Ever notice how none of the above statement can be proven?? Talk about fantasy.
Reminds me of a poster who consistently referenced GS as the 'G.S.Vampire Squid' who would be foreclosing on JCP sucking them into bankruptcy any day now. He's gone, or posts as another ID, and JCP is still here along with over 1000 stores and 100k employees So much for the fable of the G.S. Vampire Squid.
I will say the latest short position did surprise me, but that was good news...When you have prices rising dramatically, with double and sometimes triple the usual volume numbers, it means that buyers want to own JCP stock. So I was pleased to see the shorts covering roughly 500,000 shares, and not up to 5 million.
I don't know why anyone would think I have a JCP pension, or that I post under different Id's?
More fantasy from the naysayers, I suppose.
"Why JCP is strongly down in a up market today" article"?????
Since JCP closed at $11.22 surging from $9.59 since 2/26/16 UP an eye popping 17%, don't you think it's all about taking profits?...You are here very early beating that JCP is a bad investment drum, heh?
When are you going to admit JCP is in the midst of a big turnaround? Numbers don't lie.
BTW were you one of the ones that voted in my "is JCP a short @$8.33, on Feb 11th?
Who wound up being right? Only supports my turnaround is working theme.
"how this plays out"
Looks like we'll both see how this plays out, $11.99 is the new YTD high to beat.
Betting on Ellison to succeed as he does have 2.5 million reasons to make JCP a winner.
We all are grateful that the JCP short position since 12/31/15 has dropped by 9,699,799 shares!
Thank you, thank you, thank you!
When the announcement comes that JCP has paid down some of their 5. billion dollar debt we look forward to more decreases, and rising stock prices..
Question to Sir Walter regarding his 5 bucks tax free, guess the new ID Game.
Does the ending ID contain a numeric? lol.
I heard Marvin is designing a special Easter Card, for Bill Ackman that basically says he laid an egg when he sold his 39.1 million shares for $12 and change.
Some pretty reputable analysts are projecting $15.00 to $19.00 targets now, and lets face it we're basically at $12.00 now.
Ackman brought Johnson in who almost wrecked JCP, and Ackman paid about $25.00 a share for his 18% stake in the company...So looks like he got a double whammy...Soon to become a triple whammy when JCP completes their turnaround.
Go Long JCP, it's the right thing to do.