By this time next week the Stock Market will be in full scale melt down after suffering a few 500pt-700pt drops in the DJI thanks to the idiots in Washington. JCP's problems are enough to make it drop by itself but with the added meltdown JCP will go down to $5.00. $5.00 would be a good and prudent entry point if a US Default is avoided.
Nice comments below guys, proves my point about you Pumpers being from the gutter. JCP has tried very hard to right the ship, in fact they get an A for effort, but....even with all the effort and selling everything at 50% off , their sales were still off 4% and the slide down continues. Next shoe to drop will be in Earnings that will show those 50% discounts improved volume of sales but destroyed their profitability. $5.00 might be too high of a price,
Ist you don't know the market will drop that much and even if it did not all stocks like this would necessarily drop that much....Since this is beaten down so far ...7 0r 8 may be all you get...If it never gets to 5 and goes back up you will pay 9 or 10 on the chase genius... FYI (Everyone knows there will be no default) You are cluless....go try bingo.....Why do they let idiots like you post?