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Non-Tech : j.c.penney
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To: Mark Adams who wrote (50)9/21/2000 3:38:32 PM
From: Yogizuna  Read Replies (1) of 111
 
You are truly brave my friend. I simply do not have the guts to add on any more shares here, especially after they cut the dividend, which to me, indicates a lack of confidence in their future prospects, even considering the argument that they can make better use of the money than returning it to their shareholders..... I still have some hope about Christmas sales, but a tough stock market this year combined with very high energy/fuel prices may place a pretty big damper on that hope. Guess I sound pretty bearish here eh? I still would not short the stock here, and will consider buying some more on the next buy signal. Yogi
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