By the way you're saying 23% of the float is short. That's a large amount of the float but where do you get naked shorting from? The short clearing could of easily borrowed the shares. Don't know where you come with this BS.
I have said for a long time hooray for the shorts. The huge amount helps support JCP whenever there's a big seller. JCP has real estate value. JCP has new management that is well liked on the street. Let's see what occurs after the analyst's meetings on the 25th.
They have a very loyal following of shareholders. Much like Sears did. They keep holding it up, but once it gets momentum downwards I expect it to look alot like Sears. Take a look at SHLD vs. JCP over the last few years. They mirrored each other until a little bit ago when SHLD fell from 80's to the 30's in no time!!!
Thanks for the insight. Since I don't daytrade any longer, Penney's gets my rearview. Odd, isn't it: loyalty to disasaurs in a retail sector where there is so much opportunity.
During the late 1960's my parents took the old liner Luralene from LA to Hawaii - the same liner that had intercepted Japan's fleet messages before they attacked Pearl Harbor. James Cash Penney was aboard. They met him.