Anyone Else Short JCP? Without Bill, it's $11.00!

If that individual is a multi year holder then its not as big of a deal. Most of the guys in jcp don't fit that category.

But I agree with you. Never buy a stock because someone else did.
 
Im starting to pay attention here. To go long that is....maybe like at $2 or $3 :D seriously the last 3 days indicate something ugly in the horizon or not.
 
Quote from ElCubano:

Im starting to pay attention here. To go long that is....maybe like at $2 or $3 :D seriously the last 3 days indicate something ugly in the horizon or not.
More...
Yes, lower single digit midget coming soon. Might make an okay speculation if it goes down that low.
 
newwurld, what do you make of Today's actions? Are we going to dilute the shares badly to secure some cash? How are you trading this stock? Be safe my friend, she's acting like OSH and other Kmart behaved before she really started to bleed cash.
 
I am still long. Despite having a "diversified" book, yesterday hurt.

I'm going to re-evaluate this position. I think I might be wrong here.
 
This morning ... "J.C. Penney sees no need to raise cash this year - CEO."
Just after the close:"J.C. Penney starts offering of 84 million shares."

So it's okay for the CEO to lie about a 2ndary offering to get a better price? If the comment was made months or weeks earlier, he can say conditions have changed, but the same day!? Incidentally, I do think they need the cash, otherwise their debt load is too crushing.
 
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