Dumped my position in JCP still made money....question is should i reenter now at distressed level or wait and see if goes much lower. I am a little scared with negative news out there....your thoughts?
I have 1,451,970 shares of JCP. I sold some only a few hundred thousand and bought them all back. It is still my largest holding by far. I for one and holding for $14 like I said around June. ;)
Positive store comps are going to keep coming in strong while other retailers stumble. Debt is good, credit is good, cash flow is good for a while. I personally bought. The news is about as important as the debt ceiling, it is a great "misdirection" in my opinion.
Odd post dude, bkcy would take it down to pennies not nickels and wouldnt touch it with a 10 foot pole. Besides i never would have bought JCP in the first place, wes was loading the truck so i gambled and got paid nicely. Thanks wes.