Anyone who has had a lobotomy might want to be long JCP but anyone else would be smart enough to short JCP or stay far, far away from it.
you cant short this stock using etrade. anyone shorting with any other broker?y
For the same dumb reasons you are long at BBY? ; )
I am done with BBY already. Moving on to your favorite JCP now. I sold puts and calls today. Picking up about $4,000 or premium. What have you done today?
There is usually a reason why short interest in a stock may be high. And in case of JCP the reason getting more and more obvious with each earnings release. This may turn into Achman squeeze ;)
Was well below 19.00 then ran up over 19.50 but I wouldn't buy here not yet
Ackmans huge bet and huge short interest 40%.. expecting any kind of short squeeze. At this point fundamentally it looks like Bankruptcy is the more likely option.
Got it, thanks.
So, people buy into JCP to wait for a short squeeze? How long can the company survive before the squeeze?