Took an hour drive down ole I-25 to see for myself the miraculous JCP "Turnaround. Walked in and could see by the lack of footprints in the dust on the floor I was the first customer. Detecting the odor of cat urine I traced it back to the kitchen appliance department where several of the WMT part-timer were supplementing their income by cooking up a batch of meth using the acid from one of the returned batteries from the "JCP lifetime guarantee" and some chems from the hair salon left over from the RJ "Free back to school haircut" days that was supposed to increase sales more than the "Joe Fresh" innovation. Asked how the SSS looked for this quarter and he said they had been very busy over the last couple of weeks an showed me a register full of IOU's for returns they didn't have the money to make.(was very optimistic since the returns wouldn't be counted against SSS increases with the new accounting procedure), thought SSS increase should be around 75% and the Gross Margarine should be around 98-99% according to what he had learned from his "taught at the college level" economic professor.
Bottom line: All bagholders should commence buying Pre-market Monday and not stop until all available cash has been utilized and then buy as much as you can on margin.
After all options, dividends**, etc. my short price is $24.52. 12 bucks isn't the slightest bit concerning, primary reason being, even if you hit it temporarily you can't hold it. This stock is not destined for greatness.
**Yes, I had to cover some dividends before they canceled them, but it was a good short then and an even better short now.