Since jcp is at 9 which is still way low.. Anything positive will move it higher to 12. Bad news priced in. Bought in high 6s and will hold until next year. Stock may jump around some I don't care. I seriously doubt u will ever see below 7 again. Looks like you missed the boat here and maybe hope to get in lower. 9 will be nice entry point, on a stock worth 12.5 upwards to 20 dollars a share within a year. Buy or cover now while u still can.
I also believe in the "Buy the rumor and sell the news" except that the situation is reverse for JCP. The current JCP "sell rumor" is that they are going bankrupt. This rumor has driven JCP to oversold / under valued levels. If they announce next week that they will not be going under, then the stock price will rebound with "buy the news".