Instead of listening to a rant from the nut above consider: All the news today is very bad. Earnings 50% more negative than forecast. Same store sales down a huge amount. Guidance for the year canceled because they cannot come close to meeting prior forecasts. The use of metrics like "gross margins ex discounts" (what we would have made if we could have sold it but we didn't). Don't let youself get involved in panic buying. Leave that to the dummies.
yes, they drove it down to 19$, they had the scare stories on bloomberg and cnbc, so while every one was selling the smart guys where scapping up shares! listen if you listen to the KGB, on CNBC/BLOOMBERG news, you'll be faked out every time, they are on TV to give out false and mis leading info, that's why JCP is up, ALL the BAD news was priced in! JMO and G/L. I say JCP 30$ by EOY. stop listening to bloomberg and cnbc, you'll make more money! The HFT's use them to give out mis information to the public! JMO