Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[YoungLonghorn]

JCP looks like it is at least a good trade short-term based on the way we have been trading post-fins. There has been strong and healthy upward consolidation for the past week, and Black Friday anticipation shouldn't hurt retail stocks in the short-term (retail stocks doing well across the board today).

To your point though, going long in the current market is risky, and for the whole market right now I'm taking more short-term position than long-term ones. With that said I still think JCP will make a comeback in the long-term as well, but the concern over Fed rate increases is making it difficult to go long on anything right now IMO.