JCP - latter day nonsense

JC Penney (JCP) saw a latter day surge as comments from the CEO that the new store type are doing significantly better than the older style, yet that hyper ramp sure didn't last..after subsequent comments that the earnings outlook is unchanged.


JCP, 1min

JCP, daily

Summary

This afternoons JCP hyper ramp - and collapse, is exactly the sort of reason any normal person should steer clear of this insane market.

Regardless of what any clown/PR friendly CEO might tout, JCP still has serious structural problems - as do all the brick/mortar retailers. It remains one to watch (along with SHLD) merely for entertainment purposes.