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J. C. Penney Company, Inc. Message Board

  • virtualgh0st virtualgh0st Jan 9, 2014 8:00 AM Flag

    57% of the float has been shorted


    i find that incredible. if Piper is correct, it will be the call of the year.

    I went long just 1000 shares because of Piper's call and I'm pretty sure that Soros bought close to 20 million shares around $14, and every time I pass the local JC Penney store the parking lot is full.

    Best Buy tripled, so why can't JCP do the same?

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    • its really not incredible, soros is just an ok stock guy

    • full of what? Overflow parking for the rest of the mall?

    • In case of BestBuy there was no competition as CircuitCity went away and BBY is already the leader so they just had to fix some of their issues and they are back in business. It's different here as macy's and kohl's eat up the market miss a beat you'll be crushed.......but hey JCP is a well known brand and the mgmt. should clean up the balance sheet while keeping the customers coming back to the stores with good product mix that customers want....JCP will be back in business in 6months....until then we have to live with the took a good year for BBY also.....but was out of the trenches in 3months I think...

      Sentiment: Hold

6.50-0.240(-3.56%)Dec 24 1:01 PMEST

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