This bottomed for a good three months. It went from +$40 down to $13.50 and you're shorting heavy at $17.50? If the bottom is in, there will be no escaping what the market will do to you considering the short float.
I'm very impressed with your bravery. Best of luck to you.
In an apparent effort to lessen the shock value of their official earnings release next week, J.C. Penney (JCP) announced select results from their first quarter last night. There isn't enough lipstick in the world to conceal the porcine nature of the data.