Replies to post #7823 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[UpTickMeA$AP]

You're not looking at the overall institutional holdings outlook...

http://www.nasdaq.com/symbol/jcp/institutional-holdings

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Increased position 40,601,371 shares

Decreased position 65,539,929 shares

About 15 million on the downside.

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Now lets look at shares sold out Vs New


New positions 6,270,902

Sold out positions 39,353,517

About 33 million more on the sold out side.

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JCP institutional ownership has fallen. So, im not sure how you would ever spin it as a positive. Sorry, but this is in no way, good.