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

[temp luvs amy]

Yesterday's downgrade included a note that the average analyst is still at a $3 target. I-man is in good company, though the main story was the 60 cent number. I bought yesterday, regret it today. My retail sales were up, and I felt that might be a good sign for others. Of course Christmas will tell the final story, and the upcoming quarterly report won't even include Back-To-School results.

Last week the story was the creditors willing to bargain. R/S will likely include debt reduction in that format. Anybody's guess where they will cut the deal.