"I am holding my shares until it hit 40.00 in 2 months"
JCP will hit 40¢ before it hits $40. You can bank on it.
The sales tax holiday is disappearing very quickly but the consistently lower prices will continue to pull in the shoppers. Sears, Kmart, and JC Penney will perish but Macy's and Kohl's will likely continue on strong.
Just when you thought that things couldn't get any worse for TUES...
JCP will be bankrupt within a year and a half - you can bank on it.
Where do I go to get one of these 'paid basher' positions? Bashing JC Penney has to be much easier than shooting fish in a barrel. Talk about a gravy train. Sign me up!
Boy, you're going to have pump a lot harder than that if you hope to prop this sick puppy up. Tell 'em you saw many shoppers leaving the store with MULTIPLE BAGS. Tell 'em you saw a lady OPENING UP A NEW JC PENNEY CHARGE ACCOUNT. Tell 'em you HEARD A LOT OF POSITIVE COMMENTS ABOUT ALL GREAT CHANGES THEY'VE MADE TO THE STORE! You and I both know that JC Penney has a snowball's chance in Hell of being around a year and a half from now but if you hope rope in more JCP bagholders, you've got to be BOLD. Desperate times call for desperate measures.
Some might say it was destined to happen. For years I've been reading reports that America is over-retailed. Now Sears and JC Penney are experiencing their death knells. It's a sad state of affairs but others will pick up the slack. And Ron Johnson will be known for the big buffoon that he is.
Wait a year and be able to buy JCP shares on the pink sheets for just 10¢ a share! Now that's a real dicount.