Is there any legitimate fundamental reason why we're reaching the stratosphere?
I don't think that many people are back to school shopping at JCP. Maybe it's just my own biased perception, but I can't imagine any child/teenager begging their parents to take them (or at least giving them a gift card) to JCP. It seems to me that any parent taking their child/teenager to JCP will have a screaming, crying, complaining little brat on their hands.
No fundamental reason. My gut tells me JCP will slow maybe backtrack a bit. That's why I wrote $28. calls. It's not the time for a short squeeze. The tight float and shorts have helped support the stock but there are limits.