There is no way Ron Johnson will let this stock sink without making an announcement. He is a genius of manipulating the market with press releases. Sometime this week, he will make some type of stupid announcement that will make people think there's a light at the end of the tunnel for a turnaround. That light is a double wide semi trailer coming right at him. Luckily, it is carrying a load of grease to ease the pain for employees and investors that stick with this #$%$. I would wait until he makes the announcement and short until next earnings release.
Single digits are coming. This is a train wreck and any investment by anyone/hedge/fund is more risk than most can afford to take. Look at the Market...There are SO many money making stks that are buys, why risk money on JCP?