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David Einhorn's hedge fund has closed its short position in J.C. Penney (JCP +3.8%) and moved...

David Einhorn's hedge fund has closed its short position in J.C. Penney (JCP +3.8%) and moved out of a long position in Microsoft (MSFT +0.1%), according to Reuters. Shares of both companies are near session highs following the report.
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Comments (5)
  • RPRogers
    , contributor
    Comments (51) | Send Message
     
    He moved out of MSFT as stated above, the email you sent says he went long MSFT.
    26 Jul 2013, 03:00 PM Reply Like
  • whaddyamean?
    , contributor
    Comments (514) | Send Message
     
    I treasure David Einhorn's stock manipulations with the same fervor that I value every pearl that drops from Cramer's lips.
    26 Jul 2013, 08:35 PM Reply Like
  • 19490lds
    , contributor
    Comments (3) | Send Message
     
    Inside Penney's it is still a mess. There is still no catalog dept, so there is still a lot of running around by associates picking up customer orders and returning them to the cusomer-wherever they may be in the store (which if there's a problem, holds up any register line that register might have) The Home department is pretty, but, it's almost always empty. There are still are not enough registers. Customers are still complaining, because they are still confused about pricing and merchadise locations. Many old knowlegable associates are gone and now there are new associates to Penney's arriving every week, who learn as they go.
    26 Jul 2013, 03:35 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4091) | Send Message
     
    Great. I moved in into MSFT today - great potential actually.
    26 Jul 2013, 07:10 PM Reply Like
  • combatcorpsmanVN
    , contributor
    Comments (817) | Send Message
     
    Wasn't Einhorn whining about $AAPL a few months ago. Well, anyone that held $AAPL from $705 to under $400/sh hasn't earned the right to tell anyone else what to do buying or selling shares.

     

    $MSFT's moving in the right direction w/ or w/o Einhorn
    27 Jul 2013, 01:30 PM Reply Like
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