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BERKO: Take a Flier With J.C. Penney (access required)

Dear Mr. Berko: In 2007, my stockbroker had me buy 100 shares of J.C. Penney at $73. Months later, he had me buy another 100 shares at $62. And because he was very certain it would recover, he had me buy 100 more shares when it had fallen to $47. Finally, in 2009, I bought ...

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