But Munster did recently lower price target from $180 to $156.
Much more pain to come.
Down 25% if you listened to that fool!
I drove into the parking lot around 10 AM, it was completely empty, a desert of cracked cement. I was convinced the store was closed but chose to tug on the front door to make sure. To my astonishment the heavy gate opened and I entered a vast mortuary, rotting clothes haphazardly stacked, rows of tools and archaic machinery lined as if to fight a Word War II battle, 85% off signs towered into the sky in all directions.
My voice called out with the hope I could find some form of life. Nothing but a dead echo. Then deep within the bowels an elderly man, maybe 90, 95 years old responded "help, I fell and can't get up!" I rushed to his assistance. Severely dehydrated and wearing the attire of a Sears employee I asked how long had he been stranded? He responded days, almost giving up hope a customer would enter.
You are the only person working here I asked incredulously? " I was formerly a Walmart Greeter but Sears offered me a job posting clearance signs. They let go of the janitorial crew last month to save money. I haven't seen a soul in over a week".
To say the least my visit to the Sears store was quite shocking and see no hope for survival.
Very pleased to announce Rocket_sears has been apprehended outside a Sears store wearing an outfit designed by the Kardashians. It was first thought Rocket had shoplifted the clothes but it was later determined Mr. Sears purchased the ensemble because the Kardashian brand had been discontinued and were 95% off.
Upon capture it was reported Rocket was overjoyed he was heading back to the institution a place he felt safe and called home and that the Khloe blouse fit well much nicer than his usual straitjacket garment. Asked why he chose to escape Mr. Sears responded he had learned the store was shuttering and wanted to land some deals.
Staff physician Doctor Blumenthal was also overjoyed Rocket_sears was off the streets. He is a very delusional man who refers to me as Doctor Edward Lampert. Sadly we see no hope for this individual, all treatments have failed, Mr. Sears will live the remainders of his days in deep psychosis, no semblance of reality.
Who can forget with Sears trading $155 the Bald Avenger pushing his ugly mug nearer the camera, presenting an extremely serious face to proclaim his ultimate stock pick. Cramer then proceeded a 15 minute rant that heaped endless praise on his good buddy Edward Scott Lampert and the company known as Sears Holdings.
Cramer could not contain himself and repeatedly pounded the red button that loudly rang out Buy! Buy! Buy! Buy! Buy! Jimmy went as far as to spell out S H L D on his knuckles, to make sure the home viewers correctly placed their bullish orders. It was Cramer's largest holding in his much vaunted charitable trust, a no brainer sure to breach $200 soon, a treasure to tuck away and forget about, simply allow Lampert to perform his magic and reap the riches.
Cramer doesn't talk much about Sears anymore and he has scrubbed S H L D cleanly off his knuckles.
This is an important bulletin! Rocket_sears has escaped our facility. Consider armed with misinformation and ignorant. Last seen via store security video rummaging through discounted Kardashian branded clothes at a soon to be closed Sears store. If anyone should encounter Mr. Rocket please do not try to reason with this highly disturbed individual it only serves to illicit irrational thoughts.
Sad to report the repeated electric shock treatment were a dismal failure. Despite running extremely high volts through Mr. Rocket's shrunken brain resulting in a temporary blackout throughout downtown and surrounding suburbs Mr Rocket awoke muttering SHLD, patience.
After consulting staff, we have come to the conclusion rocket_sears simply cannot be helped and will remain in deep psychosis the remainder of his existence. So please try to disregard any Rocket posts that are clearly detached from reality. Our thoughts and prayers go out to the Sears family.
One of our sickest patients is being moved to the West Wing today and will be under 24 hour supervision as we perform further electric shock treatments and administer more experimental drugs in an attempt to relieve this individual's severe psychosis and bring back some semblance of reality.
In the meantime our staff hopes prayers and good wishes are offered to the rocket_sears family in these very trying times. And to those highly annoyed by rocket's nonsensical, inane posts please try to understand the malady we are dealing with. A word we often use with Mr. Sears is "patience", please employ the same, this will take a great deal of time to resolve.
Thanks in advance!
This PIG is going much, much lower. Will not begin to cover until the low $50s.
So far so good. Timing was impeccable. Maintain my Cat short position and will begin to cover in the low 50s.
Truly a travesty.
Caterpillar has been manipulated up for no fundamental reason, I foresee a major sell-off post earnings.
Cat is another stock that has been manipulated up for no fundamental reason.
One must comprehend this market is controlled by computer trading, large institutions that have the ability to manipulate the direction of stocks in a low volume environment to their favor especially in an era where the Central Bankers have murdered the free market via negative rates, endless quantitative easing.
IBM is a clear example of this manipulation. These cockroaches saw a stock that had plummeted last February over 25% in a very short period of time. When the selling appeared exhausted around the $118 mark the big boys came in knowing they could ride this PIG all the way up to the earnings announcement, retracing nearly all of the 25% loss.
When IBM briefly spiked in the after hours yesterday, trading to $156, the Big Boys hit the sell button and IBM was once again exposed for the loser company it is. The point is, IBM has no business spiking from $118, the fundamentals did not justify the move but it fit the profile of a stock that could be driven up short-term by the powers that be, and it was.
Money Center Banks, other large traders, are privy to all sorts of inside information and they profit handsomely from that info. They had IBM's earnings on their desk months ago. They keep in close contact with insiders daily. They also knew these earnings, although at first blush would look quite good, were bogus, engineered by IBM's accounting dept, so they were keenly aware the window to sell would be tight, hence the after hours debacle.
With the S&P 500 approaching new highs again, this type of manipulation, based on no fundamentals, is being repeated again and again. The Big Boys know they have the cover of the Central Bankers and understand the power of momentum particularly in a heavily shorted market. Unless earnings & revenues are absolutely pathetic (as the case with IBM) they can continue this charade based on the mantra stocks deserve a higher PE. A falling greenback is another key component. Eventually this game ends very badly.