BubbleBurster
Long

Building into long JCP -- low $7s and $6s

BATS:JCP   PENNEY J C INC
224 0 0
1) Stop under $5. Might add to position at low $6s
2) Minimum target is $12 so risk reward is 1:2
3) Hedging it with short NKE             and SBUX             (same cash amount of shares)
4) VIX             long is in my portfolio
5) The company is going bankrupt or going to the moon with its revival or its classic features, that made JCP             the store it used to be.
6) My risk is 0.1% per 20% dilution from current price
7) Divergence every where, just waiting for reversal catalyst, as equities typically need ( currencies do not) because equities are heavily driven by fundamentals and currencies are heavily driven by technicals.
8) 6-18 weeks and we will reach target of $12/share

-BubbleBurster
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