You new longs be ready for the shakeout
It will be fierce...
Whaaaaaaaat ??? - - - you've been sitting in the front row in "Retail 101"
No one wants to the last greater fool.
Au contraire my friend - - - we have an entire board of eager volunteers - - - - - Out of the trenches - over the top - charging blinding into the enemy fire - brave souls one and all - - - - - they will be remembered !!!!!!!!!!!!!!
Look at gm (retay..i started my notebook on GM yesterday and am 1-5 months away from buying it ..join me).....
I told Market some time back I know nothing about Ford - - - I can extend that same level of wisdom to GM - - - - - - as I've posted before - - - - retail is my life - - - miners/PM are my love - - - it's always been that way - - - on my last foray I started buying gold at 275 back in the early 90's and silver at 4 bucks - - - - sold silver at 29 and gold at 1600 - - - missed the top(always leave some profit for the other guy) on both but was happy with the wee bit of profit - - - recently have been buying gold/gold stocks again at 1275-1280 and silver at 19ish - - - - - if you think posters can get nuts on a retail board - - - try listening to the looney tunes on the PM boards - - and that's in addition to the guns/butter/rice and gold nuts - - - - - 20-25% swings are not unheard of and everything is a rumor - - - - what's not to love ?
Rather harsh - thought I would answer since we're the same person -
Yet another jerk wad chimes in.
Have always questioned the logic - - when a stock goes up, they're shrewd market guru's - - - - when a stock goes down it's manipulation by some vague unseen group you can't put your finger on !!
Gs advised against it
Thay don't want this thing popping to 16
They want it orderly to obtain
max trading profits
It's always a good to start a day with a chuckle !! I needed that today !!
Wow - - - who would have thought it - - - - - - six people think its a bad idea for the JCPenney BOD to be looking out for their best interests by buying a heaping helping of "common stock" - - - - - now what kind of person would be that ill informed - - - - - ----------------------------- - - - Market - - - were you one -????????
Retay, sure knows how to post. He's a crowd all by himself! l
Incorrect !! We know the crowd at least equals 4 - - - since you and yahut and JcpenneyFRAUD(aka mole) "pour" over each and every one of my posts - cherry picking sentences in a vain and fruitless attempt to discredit any facts I might post - - - - - - lets just use your above post as an example - - - - - that one sure was chock full of "facts" that proved me to post inaccurate info - - - - - hmmmmmm - NOT - - - loooks like you'll have to stick with your personal attacks - - -
Up pops the devil...I mean Retay.
One question..."J.C. Penney turnaround tested with home goods relaunch, Reuters says"
And a successful "relaunch" will add how much and when to the bottom line" ????- - - - - - so far, I've heard this same story so often I can recite it in my sleep - - - - - Just wait until next (week, month, quarter, year) when (Fresh, Stewart, or other, insert name here) kicks in - - - - it's going to be awesome - - - - - - how about if we wait and see just how many people rush in to buy "teapots and toasters" at a 40% GPM - - - - - -
Also, reporting of inside trading often has 30 days grace period. Listen and learn. Better DD yourself
Whew - - - - another poster in need of a remedial reading course - - - I POSTED "INSIDER BUYING" - - - - - NOT "Insider Trading" - - - As long as "insiders" buy based on public information THERE IS NO PROBLEM - - - - I've done my DD !!!!! - - - YOU do YOUR reading !!!!!!
Does this count?
Nov 25, 2013 - JCPenney CEO Mike Ullman bought 112000 shares of JCP at $8.95 a share, according to an SEC Form 4 filling.
I'm extremely aware of that and - - - Nope, doesn't count - - - read my post a little more carefully - - - I stated "I'm not talking about that piddly "front" money purchase from MU
MU took 70 million dollars with him when he left JCPenney last time - - - even if it's his own money and not given by the BOD for show - - - - - - IT'S A PIDDLY AMOUNT - - - - -- I'm talking about maybe a 5 -10% stake for several of the "insiders" together - - - WOW - you'd see your "Mother of all Short Squeezes" in an instant - - - - AND you would KNOW you've got a "Turnaround" on your hands - - - - -
I see by the thumbs down, someone thinks it's a bad idea for insiders to show their support for their company - - - in this case ----------------------------------------------------------------- you may be right !
Revenues AND margins will probably be down even further in the 1Q - - - the weather kept them from getting rid of the inventory overhang at the end of January - - - one can only guess how low margins have to go to get rid of it - - - - - - maybe even have to send it over to Big Lots - - - - but Easter is in April this year - - -
Why haven't "insiders" bought a few million shares - - other companies do it all the time to show they have faith in what they're doing and their interests are aligned with the "common" shareholder - - - and I'm not talking about that piddly "front" money purchase from MU - - -
Get it all out retay.............Were above your speaking level now...
So, it's all up from here ??? - no clouds ?? - only sunshine ?? - -
Do Directors know stuff? That's a lot of cabbage.
If they knew "Stuff" they would have waited and bought at 5 bucks !
The "Days to Cover" Metric is probably misunderstood by many.
However in this case we just have someone who can't read - - - - it's 4 point 0, not 40 - - - - - he just a newbie that isn't used to reading the numbers
Now back to the "Mother of all Short Squeezes" - - - the reason true "Mother of all short squeezes" are very rare is that as the price climbs slowly, at various points along the way some long holders will take their profits - let's use a hypothetical case of someone having purchased JCP at 5 dollars and the price rises to 15 dollars - - - - you can bet your bottom dollar a lot of them will sell along the way, making those shares available to cover short positions - - the higher the price the more selling the more short covering - - - - - - if you're talking about a weak company, long term short positions will just ride the price swing up, knowing it will be back down - - - - - thus the only short selling and covering you'll have are retail and daytraders - - - -
We've noticed you've pretty much stopped the bankruptcy talk. A real head scratcher why we're still in business huh?
Guess you really aren't the sharpest knife in the drawer - - - - check my post from just a couple of hours ago - - - pretty much addresses each of your concerns - - - reorganization is still a very real "probability" - you're confusing short term "Hype and Hope" by day trading types with long term solutions to JCPenney's many problems that are ongoing and as yet unaddressed with any real plan as of this date - - - - just saying tomorrow is going to be better is NOT a plan - - - well maybe in your book ? - - - - I don't know why it's such a head "scratcher" for you as to why you're "still in business" - - - - since I've never thought you would "go out of business", you'd simply get "right sized" and have a glowing future - - - anyone can "stay in business" if he finds enough people to keep giving them money to "pour down a rat hole" - - - - - anyone who thinks otherwise would be able to tell me where the BILLIONS in cash burn went last year - - - sure didn't help the "socks, shoes, and shirts" part of the business since they dropped 10% more in sales than under "Boy Wonder RJ" and that takes some doing - - - -
You don't like my acronyms and Yah hut doesn't like my posting style ??- - - - - - sometimes it's a good thing to be judged by your opposition - - - - - - - - jus sayin
"It is clear you are on the short side"
That's the first thing you're mistaken on -
"The time to cover is over 40 days"
That's the second thing you're mistaken on -
When you espouse a position - - - it helps if you don't start with two mistakes in the first sentence - - - - I didn't bother wasting my time reading any further - - - - -
"SP took BK off the table ( and liquidity )"
Hmmmm, sounds a lot different that what they really said - - - - - - "In other words, J.C. Penney is still likely to bleed to death, only it will take a longer time.................S&P raised its liquidity assessment from "less than adequate" to "adequate........but did have the presence of mind to add.......in our view, the capital structure is unsustainable....The ratings on Penney reflect Standard & Poor's assessment that the company's business risk profile is "vulnerable" and its financial risk profile is "highly leveraged".....................we believe further performance difficulties may cause the company to lose market share to other players"...........
Now that doesn't mean I believe they are going to dilute with more shares to keep the 2 billion liquidity they promised at the end of the year - - - - last time I figured they would offer preferred's to raise cash and they surprised me with the dilution - - so since everyone is expecting a dilution this time they'll probably surprise everyone again with how they're going to raise cash - - - - - but in all likely hood it won't be from the actual business they're in - selling socks, shoes, and shirts - - - - - - - - - in other words, just more borrowing - - - - don't remember who said it but "You can't borrow your way to prosperity"