Longs you are not fighting shorts you are fighting Goldman Sachs....
go back and look at the dealings with JCP and GS just a month ago...go look at the CDS,bond and equity price together...now use critical thinking and deduct who benefits the most from a bankruptcy filling..
hehe, that is what longs are failing to understand
Goldman does not benefit from a chap 11 filing. This is dumb. They sold a secured loan for a low rate. They need collateral to protect it's loan they sold. If JCP files they will have to spend a lot of time and legal fees to get their money back for clients.
What is the nirvana for a secured loan is the collateral gets MORE valuable, not less. Then it is a rock solid loan and will trade at a premium. Lenders don't make profits on this stuff, they just want their money back, it is all they can do.
LOL whatever, GSquid is now a senior secured creditor, they WANT JCPQ in chapter 11 court like yesterday. The sooner, the better. Its why they made that loan in the first place. How much you wanna bet that GSquid and its super frauds at Weasel, Gotcha , and Mangle will be Debtors in possession? OH sorry, I mean weil gotshal manges.