1. Cramer pumps it every morning on CNBC and gives out JCP gift cards to the cast of CNBC. 2. A CNBC guest says Wal-Mart should buy JCP once a month; causing shorts to cover. 3. Their shopping carts are gone due to new anti-shoplifter strategy. 4. Myron got a $million dollar pay raise so he'll work harder. 5. JCP closed all the stores in Wisconson. 6. They e-mail their online customers daily to tell them they can get 20% off on a Saint John's Bay jacket. 7. Gas prices are down so the elderly can drive their 1960s Cadilacs to the JCP handicap parking spots to shop. 8. Everyone loves a turnaround! 9. The Goldman Sachs owns one third of JCP with two GS guys on their board. 10. When they raise $400 million in debt the shares go up while SHLD does the same and their shares go down 10%
My son asked me what I was going to do when I sell my house. I told him nothing; just triple-down on my JCP bet. Cramer won't even mention JCP when the indictments come down oncriminal traders. I bet JCP and GS will be probed. Eddie Lambert letting SHLD borrow $400 million from one of his shell corporations? When the bubble bursts it'll be a long fall.
Now I get it! JCP goes up in anticipation of Xmas sales. The negative $5.15 a year isn't a factor or 5 years of losses. Or buy JCP because Croney Capitalistists in Wall Street need new bagholders before the dump. Wake up; Goldman Sachs has one third of JCP's float in their safes they bought at $9.65 a share for a loan. Wiemar Republic coming to a JCP stock certificate soon.
It goes up 1% in either direction every day. I do believe the music will stop and bankruptcy is in their turn around plan as it was in Kmarts during their 2001 turn around prior to Eddie Lamberts hedge fund money buying KM before it became KMRT and then SHLD. Everyone loves a turnaround but they usually fail like Radio Shack. The dead cat bounces are exciting, however.
This board misses The big monkey and Hugh. Blind faith is a valuable and powerful trait. Inexpensive stocks bring out investors with limited knowledge. Cramer says buy and there in!
1. They e-mail you every day if you buy anything online. 2. Myron goes by Mike. 3. They won't need anymore loans for another 10 (ten) months at this rate of cash burn. 4. The oracle of Omaha (Warren Buffett) had his second job there. 5. The Chutxpah guys of Wall Street (Chrony Capatalism) will push this to 15. 6. Their book value is $2.50 because their real estate is tied up with the Goldman Sachs equity deal.
Even Cramer was doubtful on the JCP chart. He had to call Fitxpatrick (his chartist) to confirm JCP would rise. What moron would buy JCP because a chart okayed by Cramers guy. Cramer said buy Enron at $14 in 2001. The Candlesticks yesterday said SELL! Cramer could pump this thing until it hits $15 even though they haven't made a profit in five years. He did it with Citi Trends, George Washington Phara, LOCO, ZOES, ECT. Prepare for the game of musical chairs! Don't get caught standing when they turn off the music (lights).
The big boys are Golman Sachs who own 30% of shares at $9.55. They probably told Cramer to pump the horrible JCP chart last night on Mad Money so they can make a profit. This is the part of Wall Street that's corrupt!
Get out while the gettins good. You'll wish you did. $11 is a faded memory!
Unfortunitly it'll be a rise from $6 to $7.20. In January you'll see the yearly high will be last weeks $11 and change. I think the Goldman Sachs boys are quite effective of speaking well of JCP on this board. For every short leaving there's one jumping aboard. We were the 14th most shorted stock or index fund in last months Barrons at 40 some percent. Now 28%. The run over 11 was a short squeeze. Although everyone loves a comeback! JCP shares are like Deutsche Marks during the 1923 period of Germany's Wiemar Republic. A wheel barrell of JCP shares will buy you a snow globe!
I wouldn't want to be long this market with the world getting ready for WWIII. Maybe they should sell Duck Dynasty bullitt proof vests, gas masks, pepper spray and helmits.
Myron Ullman stated in February 2014 that JCP would no longer give monthly guidence. The company only pumps itself for earnings announcemets. You've got awhile to wait.
JCP is the most distressed major retailer in the market. Goldman Sachs have their prime real estate from the 30% stock dilution of October 2013. At least SHLD (Eddie Lambert) can sell KMart properties they own in popular inner city locations to survive. JCP can only float more stock certificates to make the appearence of losing less money. Go to JCP and see if you enjoy your experience!
1. Recent sales of bandanna's and ski masks in Ferguson Missouri are on the rise. 2. Wall Street and Cramer love a turn-around. 3. Five billion in debt with rising inflation ain't what it used to be. 4. Single digit stock price attracts the less fortunite, so message board discussions are humerous. 5. Every earnings announcement it goes up or down 10 percent in a hurry. 6. The forty percent that have shorted this stock are wrong (It's a comeback!) 7. Dodger heading back to Brooklyn because of new JCP store, which just opened to rave reviews.
As the demonstrations spread we'll be in trhe money! JCP should sell tasers.
Shopped at JCP and JCP website. The can opener was $32 and a cheap chrome type wrap over a cheap can-opener I was trying to replace. It, however, hasn't broken yet like the identical $12 one it replaced without the chrome wrap. Shopping at JCP is a #$%$ shoot. Lines long at the shoe section and nobody comes and help. Using my credit card the young male said "Let me see some ID.........please." I get talked to better by a cop giving me a ticket then this minumum wage cashier. JCP will break your heart.