caputo.philip
Long

JCP OPPORTUNITY

NYSE:JCP   PENNEY J C INC
16 0 3
JCP             is undervalued while compared to other retailers. Following the earnings release makes for a good rebound play. The market seems to overreact to news releases and then attempts to find a equilibrium point before returning to pre news-release levels. Interesting enough the earnings were almost 19% better than expected and the market reacted negatively. This won't last log.

This is a good buy opportunity. I am in with long call options.
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