JCP update

jcp apr 30 2013

March 5, 2013 we suggested that this stock should be bought at about 13.75 (with a stop at 12). Had you followed up on that you would now be the proud owner and up almost 25% in less than a month. We would sell at around $18 (or even here if you are nervous), even though there is a good chance that the stock continues up to , at least, close the gap or even higher.

JCP , J C Penney

jcp mar 5 2013jcp mar 5 2013 s

JCP looks like it should be bought soon at about $13.75. Almost 27% is held in short positions and this should provide a similar move to HPQ recently, that doubled in a few months and is the best performing stock in the Do this year. As always, use a stop at around $12.