Fire sale. They're not making money on the sales they're trying keep from losing the inventory and escape with the initial investment. Why do people pile into retail stores??? Sales- to save money...
That was a dream. Stop deluding yourself.. JCP has more down side left even if it doesn't go BK and has to restructure. Stay away from this stock if you want a long position. If you're already long...take the loss and move on to the next target. I've been on the wrong side of these more than once. Get out and but back in upon good news or sell and short your proceeds. $10/share??? Dream on.
has went? what kind of English is that..chien? JCP will get to $10 by Halloween ..IMO.. I have been in their stores in Cleveland suburb area and they are packed well. I bought just 500 shares at $11.50 and going to stay with it. I did very well with Best Buy when all analysts and bloggers ( on BB message board ) were writing its death obituary. Shorts will always try to swindle you here. .
My wife and I shopped our JCP store as well yesterday. There were a lot of customers in the store and the service center registers were busy as well. We got some great deals on clothes. The new disney cetner, by the way, had quite a few women looking through it.