Honest Injun. I know it sounds like a pump but is the truth, and yes, there was a rent a cop driving around with the yellow light flashing. In fairness they also double as a mall entrance but the whole wing with jcp and macys was full (macys did have a lot of spaces). True story though.
Market Edge said that? I do know the volume in the last 10 minutes was skyrocketing ..over 2M shares look that up and see when the last time that was....and it went up .10 or .12 something.
Thought I would swing by and see how Sunday sales look. However, I couldn't even get a parking space! Drove every lane, they were stacked up waiting sometimes 4 cars in a lane. This was about 1:45 in the afternoon. Doors had signs in them that read 'Fall Sale'. So, that's my report. I wasn't about to hike a mile and half just to go in, I'd seen what I came to see.
"we would be very cautious of these shares". Well, duh. But that's all it took. Released on the Friday of the Alibaba ipo. Well played. From resistance to support in 1 day, amazing. LIke David and Goliath, slayed the giant with a pebble. Not for long.
I would never admit to being a Cramer investor, but, hope you made some $. But didn't Cramer think this was going higher yet?
Bonus..that happens to be also around the analyst day. They list jcp at top of the top ten heaviest traded # of contracts.
J. C. Penney Company, Inc. (NYSE:JCP) announced the commencement of cash tender offers (collectively, the “Tender Offers” and, each individually, with respect to a series of Securities, the “Tender Offer” with respect to such series) by J. C. Penney to purchase up to $300 million aggregate principal amount (the “Maximum Tender Amount”) of the three outstanding series of securities issued by JCP, and for which the Company is co-obligor,
Money in Your Pocket Minute this morning the analyst on the local tv said Retail traditionally gets strong now as a play on the end of the year holidays.
"" ***You might want to explain exactly how they are going to get cash from the bond offering; unless they lied about their intent they are simply traded current debt for later debt."
You are just completely uninformed, aren't you. They stated at the offering it was specifically to retire the debt coming due. They even broke out which debt gets retired when.
usually when someone starts loosing an argument they break out the nasty language and when that doesn't get them their way they go physical.