On anticipation that his investors are going to bail??
Sentiment: Strong Buy
Pershing sq. Clientele cannot just bailout. Their funds are locked up in the hedge fund with certain timetables for redemption. I am pretty sure about this. -bucko
I hope JCP drops a lot. I might buy it if if drops a lot.
JC Pennys has big problems, might want to steer clear until you see the ship turn around. Not looking so good right now.
JCP is almost back on even now, so we can watch after hour.
However, Ackman's investors can't bail easily.
They can bail 12.5% every Q individually or 20% value of the fund max each quarter. We'll see how many Q it takes.