I bought them today for 63 cents. Where should I take profits? I believe this is worth 10 dollars but with all the short interest, I might have to consider a more reasonnable target before friday. any advice?
you will get $1.60 for them, I suggest you close these trade ASAP before the short covering. I have the $20 March puts. I might close half of my position. Wait for any pop and re short. this garbage will go to $15 soon.
downgrades and their s&p credit rating will be further reduced down junk status. what would the impetus be for the stock to move upwards? why cover? this was their best quarter, no warnings just dropped this earnings bomb.
didn't ron tell courtney regan that he "expected jcp to be profitable in 2013"?
imo, RJ is either deluded or a sociopath. he's in his own world.