The Bucket Shop Rumor Mill
- I fully anticipate Bill Ackman to defend JCPenney (JCP) if he's asked about the company's progress at this week's Value Investor Conference. Last time he commented on the company a couple months ago, the stock went on a good run. However, the stock has recently demonstrated a knack for trading on the dreadful fundamentals in store for at least the next six months, so I remain cautious.
- If David Einhorn is in fact short Lululemon (LULU), the Value Investor Conference is likely where he will show his hand.