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

[DIDDY28]

I was a part of the Sears BK. It rose from .12 to a high of $2.76.

I feel JCP has a far better outlook with multiple bidders involved, a profitable company “+.13 cents” per share last quarter and lenders fighting in court to lend them money while arguing that a BK is completely unnecessary!

If we see a filing to dismiss the entire BK, I believe we could see upwards of $4 with the amount of shorting going on.


Go JCPNQ
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As always jmho