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J. C. Penney Company, Inc. Message Board

  • billsgills billsgills Apr 10, 2013 11:44 AM Flag

    Stay away both longs and short

    There is no point long or short this, going to have bull run days and bear run days but more bear then bull run days. Volatile until the final set news kicks in saying this is a dead end company.

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    • travel4fun2day@hotmail.com travel4fun2day Apr 10, 2013 12:16 PM Flag

      WHAT??? Volatility is awesome if you are a day trader or like to trade options. Buy some Puts a month or 2 out when it spikes up and see the money flow in as it goes down...Best is if this thing goes bankrupt and you have a Put option...money money nmoney. You can always buy a cheap out of the money Call option in July to have some skin in the game should it have a crazy up day...then you sell the Call and buy more Puts. Fun Fun Fun...no fun if you just buy stock and sit and watch.

      Sentiment: Sell

 
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