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uhlmant

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uhlmant

Re: CowBoE post# 43

Tuesday, 03/05/2013 1:29:03 PM

Tuesday, March 05, 2013 1:29:03 PM

Post# of 43522
the underlying facts indicate JCP is tremendously overvalued at 15

Big institutional holders are selling at 50% loss, doesn't look like JCP will win the court case against macys, metrics are bad and getting worse.

The wildcard is the 30-40% short position. I would rather play the straddle then own shares outright
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