the recent heavy volume must of included an enormous amount of short covering at humongous profits. JCP helped a lot of hooligans make a lot of moolah.
I wasn't watching but the wife does. It was a long commercial. As in poker I think JCP is going All In.
Many shorts have had the opportunity to cover today and take huge profits. That volume certainly indicates that along with additional shorting. I personally will stay long.
As far as I am concerned it has languished below $20. for a darn long time. Now I'm looking for some miraculous recovery. Bad on me.