Are you guys not listening to me! or do you not know what a short is. How has no one commented on me shorting JCP.
Shorting JCP is free money. Its amazing that shares are available to short. I was shocked. I think a great position for all of you would be betting on an obvious JCP bankruptcy
Also think of the rareness of me recommending a short position. I hate the idea of shorting! but money is money and JCP stock price is trading at a ridiculous price.
The stock should be at $1
I just gave it a shot, no shares available with Schwab. Does seem like easy money. I've never shorted before, always nervous of a buyout or the market overvaluing the company.