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J. C. Penney Company, Inc. Message Board

  • ronsontyler ronsontyler Feb 8, 2014 12:25 PM Flag

    JCP - How Institutional Short Sellers Fleece Investors

    The stock market has been plagued by these speculative attacks, close to half the trades have been "phantom" sales by short sellers who did not actually own the stock.
    Targeting a stock or other asset for take-down, either for quick profits or for corporate takeover. Today the target is J. C. Penny, but tomorrow it could be something else. When Lehman Brothers went bankrupt in September 2008, some analysts thought the investment firm's condition was no worse than its competitors. What brought it down was a massive bear raid on 9-11 of that year, when its stock price dropped by 41 percent.

    The real shareholders get none of this profit. Worse, they can be seriously harmed by the practice. Their shares are being used to bet against their own interests.

    JCP Short Interest at 1/15/2014 108,754,499

    Sentiment: Strong Buy

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JCP
9.57+0.03(+0.31%)Sep 26 4:00 PMEDT