JC Penney Short

Description

⋅ Aug 1, 2013 4:37 AM

The CIT move has been sugar coated by the MSM the problem is not the suppliers but JCP! This move is not a technical correction move but a fundamental one...CIT as a banker to JCP may be privy to info on the upcoming quarterly results which got them hopping! Got a bad gut about this one...expect a dip to $13.73 before a bounce...if not then $ 12.23

Comments

maxtorrent

⋅ Aug 1, 2013 5:35 PM

Hello knock as I mentioned this stock is a fundamental play not a technical play right now - CIti's got a SELL on it; this is what experts are saying:
finance.yahoo.com/blogs/breakout/j-c-penney-t-saved-najarian-140609107.html

knock

⋅ Aug 1, 2013 7:01 AM

I view this as opposite way, that it's building a bottom and use this as excuse to shake out weak hands.