by Gavin M.
I wanted to leave the image above in its virgin, pristine condition before it dipped to 7.76! bahahahah lmao.
So here we are again, JCP version deux and wishful thinking ad infinitum. I really have to thank the JCP knife catchers because without them, I wouldn't be able to buy my brand new Rolex this weekend.
Why do people love pain? It's a question that bothers me every day. It bothers me when I see people on twitter post that they lost money. There is nothing on the chart above that screams BUY to me, NOTHING. If you do not see what I see, maybe it's time to throw in the towel and get some learnin' done son.
Again, you're reading this and you're thinking, "This Gavin guy's a prick, he's a douche bag, he's an arrogant SOB asshole.. " You can use all the expletives out there, it ain't gonna get you your money back nor will it let you develop a damn brain. Here's what will help you. Instead of putting all your hate on me, ask yourself, "What the f*CK did I do to mess my trade up?" That might be a better question brah.
In any case, JCP, I don't ever see any buy opportunity. If and when it does present itself, I shall let my Equity Sense clients know. Until then, keep buying JC Penney boys! I want your hard earned cash!!!!!
Traders from Equity Sense will be writing on this blog on positions and other market-related things.