The recently announced underwritten public offering of 84 million shares of J.C. Penney Company, Inc. (NYSE:JCP) at $9.65 per share would result in a shares dilution of around 38% (excluding the 30-day option for 12.6 million additional shares) or 44% including the option for shareholders, according to Deborah Weinswig, an analyst at Citi Research........can you do the math?
I was drinking and it was 3:00 in the morning when I posted that.....yes, it is only when I trade on margin that I am charged interest...and I never short on margin!
What the f are you talking about ? I can short any stock that has shares available thru TDAmeritrade. It cost me STANDARD rate of about 9% apt similar to a decent credit card thru a credit union. I am not short jcp but have been shorting zillow lately .
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Here is a short opportunity to consider:
Look at the one year chart for BA (Boeing) and do a compare with SPR (Spirit Aero Systems)....thoughts?