Replies to post #11148 on Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[temp luvs amy]

KKR is sitting in the catbird's chair. Eating canaries.

[Toronto_Trader]

SHLD/SHLDQ was trading in the mid teens shortly before they got bailed out.

Given JCP’s larger o/s I did factor in the reality that this may fall to $0.05 but to sit and wait on a bid that low risks you watching this blow up if it were to reverse before that PT.

That’s why this is an average down strategy.

$JCP

[Nebuchadnezzar]

JCP up 25% @ .25 pre market in news of potential $450 million loan

I knew I should have bought like 25000 shares instead of 10000 under 15 CENTS.

All well