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J. C. Penney Company, Inc. Message Board

  • techglass1 techglass1 Feb 28, 2013 1:12 PM Flag

    Short covering is the only thing saving this stock from $12

    Granted there are a few ignorant longs in this stock buying more..but the majority of the support is from short covering and day traders. Being short anything of late has been a loosing proposition..so shorts are covering scared of missing their profit...the real shorts will clean up on this name when it breaks $10.

 
JCP
7.86+0.07(+0.90%)Nov 25 4:03 PMEST

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