J.C. Penney Company, Inc. (NYSE:JCP) is getting smoked today. The stock is trading at $14.21, -1.66 (-10.46%) after hitting a new 52 week low at $13.90 earlier. This massive decline is coming on the back of the company getting rid of CEO Ron Johnson. While this was initially cheered, the replacement caused fresh horror. The new CEO of J.C. Penney is Myron Ullman. He was the CEO prior to Ron Johnson. ....
AMR Corporation (AMR) Was the Highest Gaining Stock at Penny Stock Rumble
Volatile, yet potentially lucrative, NYSE penny stocks attract traders who are hoping to find the next up-and-coming company that will bring them a great return. Small companies that are hoping to increase their trading value usually issue these low-cost stocks, priced at less than five dollars. Some of these companies are destined for greatness and others will never get off the ground.
Suffice to say that if New York's headline index cannot at least pull back above the crucial 12,000-point zone in the next 48 hours, then I foresee 11,700 (the level of the 200-day moving average) as the next immediate target for the Dow.
If that is also broken, you can bet 11,500 will be right behind it.
Oxen Group Nightly - May 26, 2011 - Stock Market Recap
IGVSI Eclipses 2007 All Time High --- above 2007 levels since mid-February 2011 --- now up 6.9%; ahead of DOW and S & P by roughly 19%. Market Cycle Investment Management Model Portfolios build upon 18% gain in 2010. S & P 500 and mighty DOW lag the IGVSI, need average of 14% more just to equal 2007 levels.
Oxen Group Nightly - May 4, 2011 - Stock Market Recap
How much financial bloodshed is necessary before we realize that there is no safe and easy shortcut to investment success? When do we learn that most of our mistakes involve our very own greed, fear, and unrealistic expectations? How do we create a confidence inspiring stock selection universe?