yes and no. you can even buy at $8.1.. let's cut this story short and save us a time-if you are looking for something that 'guaranteed'- YOU ARE IN WRONG PLACE
here is your JCP premarket here is why- http://finance.yahoo.com/news/jcpenney-reports-third-quarter-results-123201918.html and here is your buddy,who is also looking for something 'guaranteed' http://www.elitetrader.com/vb/showthread.php?s=&threadid=279980 in order to get into the stock at that price you have to bet on it before earnings release,not AFTER
========== Trend trader zK; Well something like that; but really you need to study that much before you try that, because many gaps trend, in a bull market or bear market. Big difference/huge difference But some gaps reverse; it rymes with curse. Hint =Rich Dennis proved there was an insurance premium[so to speak] in overnight holds/gaps . Some insurance companys go broke; many insurance companys do not go broke.Wisdom is profitable to direct ===========================================================================================