"Am I the only one who sees how far up JCP can go."
Well, at the very least, you're one of the few true believers willing to suspend all rational thought.
"Sorry longs can only lose 100%. Short losses are unlimitable"
In theory that's true. In practice longs will lose the 100%.
It's just her way of saying what everyone thinks - you're a fool.
Obama calls it an "unfortunate misunderstanding". Seeks to build a 15-nation coalition to consider proper nomenclature going forward.
Stocksquirrel is always right (in retrospect). She'll tell you in ALL CAPS that she called every move to perfection. The reason she can post 200 times a day is because she made more than two trillion dollars trading and now has time on her hands.
Should work about as well as Joe Fresh, Martha, and all the saviors you were counting on a year and a half ago. JCP (and your investment) is toast.
"why is this possible"
They're approaching bankruptcy on different trajectories. In the end they'll arrive at the same place. And you might want to take a closer look at JCP's "book" value.