Goldman Sachs Knew this Whole Time .... Don't you shorts get it????
The stock was at $14 last week and tanked this whole week why??? Because GS and JCP both knew that the share offering was going to be in the $11 to $12 range. Do you think they put this deal together 5 minutes after the close. Which of the posters here really believe this all happened today....hands please. So this tells you two things GS is confident the JCP can turn things around.....Why? Because they already know the Q3 results which I'm guessing are exceeedingly good. So they put the plan in motion to get JCP the money and for GS to get a whole lot of profit going into the last Q of 2013.