JCP has been carried along with this market and definitely gotten ahead of itself. It is a good turnaround story. Ron Johnson might be the best retail guy in the country and his new #2 guy from Target is very strong also. If anyone can turn this moribund franchise around, they can. But, it is a multi-year play and certainly NOT a trade at these levels. BUY any significant pullback and just put it away for a few years. It won't be a 10 bagger but a good solid single or double.