JCP and bankruptcy

Is JCP facing bankruptcy? Opinions?

 

www.elitetrader.com/vb/showthread.php?s=&threadid=264613

 

Best play here is whenever it rallies on hope, buy puts...

 

L 10,000 @ 5.6999

 

Steely balls I say. I am looking at it but it hasn't given me a reason to join the party yet. Perhaps a show of strength first. But gain I am cautious at times.

Gringo

 

out 5.56 barf

 

Ya should have listened to TradeFighter......this was a short play.

 

You have down-sloping support coming in somewhere around $3. Pull up a daily chart and connect the outside lows. If you're a gambling man that's where I'd ante up if it ever gets there.

 

That's getting ugly. Might take another stab at it soon.

 

I think long term, it will stabilize eventually. I often shop there, like their products and selection. I often buy stocks of where I shop especially when they have taken a tumble, there is lite at end of the tunnel for JCP, but it might take a few months.