This company has 6 Billion in debt and increased sales 0.9 percent by clearance sales!! What do you think that does to the margins?! Its all smoke and mirrors and I will see you guys at $2 really soon!
Yo blowhard it's AT WHAT SP YOU ARE SHORT 10 K . Not simply that you are short. If short 10 K since 28 for example...you have room to brag, but if at 6.50 (my guess is you stein the hole), then you are a moron
Ironically, I thought the same with BBY and, well, you know how that ended. I like some of the bloated food chains for shorts, like PZZA for example. Or RRGB. or DPZ. But it's just a matter of time before some angel activist investor "saves" JCP and the share price jumps to $12 in a week. Yes, it makes no sense, and the debt is an issue, but the debt market can take care of that problem and they have cash to last another year.
Are you just keyboard punching here? Man its late in the game for that. Goldman should send you a gold watch for your soon to be large contribution!..Mark derekps post fellows!
I'm short 10,000 shares because its a fairly large position. 25,000 is too much. And yes I am short but I'm long other positions. I bought SVU after hours. Why does everyone hate shorts? We are all here to make money and if you dig deep enough JCP looks like a horror story straight out of hell. This is all my opinion of course. It had a run up which I believe was a gift so I shorted it.
'Why does everyone hate shorts? We are all here to make money and if you dig deep enough JCP looks like a horror story straight out of hell."
JCP's holiday selling season will be so horrific, Stephen King will have to a novel about it. ☺☺☺
Restructuring doesn't happen over night just remember that. Until this debt load is under control this thing is doomed. Christmas rally?! Not when others are going to other places to shop. Buy SVU instead because they have had time to restructure and have turned the corner. Trust me we will see JCP under $2