Look at the wording here, SA is a wolf for this, can't stand it, because I know very well the nuances that affect people's mind sets:
"J.C. Penney (JCP) is seeing more institutional investors throw in the towel with shares in a prolonged downward spiral. according to new SEC filings."
Notice how the put " shares in a prolonged downward spiral" WHICH IS AN SA OPINION, right before " according to new SEC filings"
That's what irks me , because the facts get muddled with their opine.
The facts are that's some funds sold sone holdings , the wording is " throw in the towel" , " downward spiral"
You think if facts were new institutional buyers they would write " as JCP shares rise significantly more funds want a piece of the profits to come. According to SEC filings" ?
Hell no they wouldn't! Wonder if they are still short???? Hmmmm
Jeez.
Are these even the same funds that just bought though?