Just saw they had a great quarter on a finance page and did a little investigating. The company doesn't turn a profit, the stock was $24 in the past year and now it is at $8? Negative EPS? Why would anybody own stock in a retail store? I can't believe there is even a message board for this company. Pages and pages of nonsense debating shorting, selling and holding. What a waste of time, you all must be bag holders who know nothing about investing. This has to be a joke, nobody really owns this stock do they? JCP? Come on, nobody can be that stupid. People really own JCP?
Your assumption is that we're "investors"...the question you should be asking is does anybody "invest" anymore? The answer is in most cases, no. People trade it might be for a day,week, month or even for a year, but the people who "invest" and hold, and hold, and hold are the as you stated "bag holders". I got in at 6.95 and this stock is up 30.45% off the 52 week low according to finviz. So, no I don't invest in ANY company, I trade them...Cha Ching !!!