All stocks that get diluted because of a company selling more shares goes down in value, plus you have to hope JC Penny has great Christmas sells if it doesn't the company could head for bankruptcy. People should remember what hurt JC Pennys, stores like TJ Max Khols Target and even Wal fart helped put a dent in there sales, good luck
We have to wait for tomorrow's close. Anyhow, I added little more AH. Should had sold some today when I am in green. Been little too greedy and now paid for it. I will also have limit order of $9.00 for more. I believe this offering will at least put JCP in much better position until late 2014.