J.C.Penney (JCP) Short Candidate

JCP dropped just over 6% last week if measured from the close of the day ahead of earnigns to the close on Friday.  On the day of the earnings however JCP left an ugly outside day if we're ever seen one, followed by follow-through on Friday.  Various other retailers also acted up last week, Aeropostale (ARO) being one of them.  We are looking at this sector now for potential call selling candidates for our Bucket 3 strategy.

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