Wednesday, May 1, 2013

JCP Gameplan

I have JCP on my watchlist tomorrow.
Dropped below 16 for a little bit before bouncing back to around the 16.30 mark.
Looking for it to make lower high around here and then lower low down around 15.75.
Will short if we get lower low in morning and then a quick pop.

This is the commercial that JC Penney released today pretty much begging customers to come back.
Seems like a pretty funny way of advertising but hey i'm no expert.