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KM re-shorted JCP today. Recall that he covered in advance of storytelling around Ira Sohn today. Apparently, this is not materializing. The margin risk here is meaningful, as it's at the center of the bullseye as the industry margin structure cracks. Check out the $0.12 gap between TRADE and TREND lines. Convergence makes this one of our best shorts.

JCP: Convergence Boosts Conviction - Snag