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joyjox007

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  • J.C. Penney: Will History Repeat Itself? [View article]
    EA, thanks for explaining this to me. I realize that I have to learn a lot.
    May 13, 2014. 06:13 PM | Likes Like |Link to Comment
  • J.C. Penney: Will History Repeat Itself? [View article]
    EA,
    Once again a good analysis. If everything compares so well with Q1-2011, why the current stock price is much lower than ~$35 (Q1-2011). I wish you have written this article in context of stock price and given your projection for the stock price as well.

    What should be the short term price target based on 2-3% revenue growth? This is the parameter that every investor is interested in, as where will it go in the near term? Everyone is anxiously waiting for the Q1 result. Based on the analysis you could easily argue that JCP was a short candidate at $35. Having a similar conditions and potential to improve or beat the estimate in Q1-2014, does current price of $9 makes it a short candidate as much as it was in Q1-2011 when the price was ~$35??

    BTW, I am long JCP with average price of $7.22. I sold a small portion today @ $9.24. I remember your suggested that $9+ can tilt the risk/reward on the other side. I am trying to be conservative and making money along the way. If Q1 meets or beats the estimate it can quickly go past $10. Looking at upbeat retail environment, it is less likely that the result would be a disaster. If the stock is hammered again and goes below $7, I will buy more (well depending on how Q1 would go what is the outlook management provide during the Q1 call).
    May 12, 2014. 09:07 PM | Likes Like |Link to Comment
  • General Electric: You Ain't Seen Nothing Yet [View article]
    Amazing.. author wrote bearish article on GE 4 days ago.

    http://seekingalpha.co...
    Apr 20, 2014. 11:49 PM | 3 Likes Like |Link to Comment
  • J.C. Penney: Sometimes The Market Gives You A Gift To Buy [View article]
    I bought more today @ 7.19. Hope it turn out to be a gift. If it goes below 7, I will buy more.
    Apr 15, 2014. 08:04 PM | Likes Like |Link to Comment
  • J.C. Penney: Sometimes The Market Gives You A Gift To Buy [View article]
    We completely switched from Kohl's to JCP and happy with the decision.
    Apr 15, 2014. 07:46 PM | 4 Likes Like |Link to Comment
  • J.C. Penney: The Illusion Of Cheapness [View article]
    I bought more today. Will see how it plays.
    Apr 15, 2014. 07:25 PM | Likes Like |Link to Comment
  • J.C. Penney: The Illusion Of Cheapness [View article]
    Another upgrade.

    http://on.barrons.com/...

    I know many will say they don't care or analysis is biased. My point is that sentiment and response has been positive recently. BTW, JCP is down 3.4% today.
    Apr 10, 2014. 07:28 PM | 1 Like Like |Link to Comment
  • J.C. Penney: The Illusion Of Cheapness [View article]
    Another positive boost by Citi.

    http://bit.ly/Q1HpCN
    Apr 8, 2014. 08:33 PM | Likes Like |Link to Comment
  • J.C. Penney: Back By Popular Demand [View article]
    Dante,
    I completely agree. I don't think many people appreciate the stability that JCP stock has seen in the last one month. Low volume and low volatility will force short and option traders to cover. I am really happy to see JCP holding up at times when overall market is behaving the other way. Hope the momentum continues...
    Apr 7, 2014. 12:43 PM | 1 Like Like |Link to Comment
  • J.C. Penney: Back By Popular Demand [View article]
    Flip, 119m is still a big number. Only less than 10% short was covered. Many were hoping/expecting much worse result whereas the result was surprisingly good and management gave positive outlook for the Q1. As per my expectation, short interest would have dropped even further.


    The reason I said "BK & liquidity concern is off the table" is based on the assumption that they have projected $2 billion at the end of this yr. They can further dilute at $9+ (if required). I am hoping that it will touch $10 before Q1 result.

    Apr 4, 2014. 08:08 PM | Likes Like |Link to Comment
  • J.C. Penney: Back By Popular Demand [View article]
    Dante, I am surprised that short interest ratio is still very high, almost ~40%.

    http://bit.ly/Y3X05L

    This says that the recent gain is due to long term bulls that actually saw substance in turnaround story. I am not sure what shorts are hoping for going forward. BK and liquidity is off the table. Volatility and volume is relatively low in the last month. I really doubt if stock price can go down to $6 again (unless Q1 is a disaster, which does not seem to be the case).

    IMO, at this point risk/reward favors the long than short from both technical and fundamental point of view. Stock price has upward momentum and is higher than both 50 & 200 days moving averages. I am no expert but I think that short squeeze will start sooner than later.
    Mar 27, 2014. 11:50 PM | Likes Like |Link to Comment
  • J.C. Penney: Back By Popular Demand [View article]
    Dante,
    Thanks a lot. I held onto JCP and kept buying as it went down to 5.5 and 5. All credit goes to you. Really appreciate your analysis. Hope your prediction comes true.
    Mar 21, 2014. 01:31 PM | 7 Likes Like |Link to Comment
  • J.C. Penney will not report monthly metrics this year [View news story]
    Yes, I hope it hits 9+ before the end of the quarter. All the bad news are gone. Going forward, it is no news or good news.
    Mar 3, 2014. 02:56 PM | Likes Like |Link to Comment
  • J.C. Penney: A Ray Of Hope, But Be Careful Of Being Blinded [View article]
    Hi EA. Thanks for the article. I always like your analysis. In one of your comment you said "If JCP goes much higher though, the risk reward model tilts back the other way". Can you please help us understand at what price point you think the risk reward would tilt the other way?

    So far I am happy with the liquidity and BK off the table in the near term. I am hoping that some bullish momentum and short covering can push the stock to $9+ by the end of this quarter?
    Feb 27, 2014. 02:39 AM | 1 Like Like |Link to Comment
  • The AT&T Fire Sale [View article]
    It is a steal for 5.75% yield. Took a small position today at $32. If it goes down (below 30), I will buy more. I am also long VZ. I like VZ more than T but it is good to own both.
    Feb 7, 2014. 11:57 PM | 2 Likes Like |Link to Comment
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