ucsgears
Long

JCP - Lets see $11

NYSE:JCP   PENNEY J C INC
220 2 1
JCP             - Entry @ 8.

Would wait to see the short interest on this stock ( Oct             15th)
Liquidity would hurt the the days to cover numbers, Previously the Short to float ratio was greater than 20%.

There is a good chance some of it is covered, but there must be some more action, left.

Whether it be short covering or buying pressure, I am in. with some tight s/l
not a buy or sell recommendation.
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The Trendline is not broken yet.
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