Circuit City shares update. Wish I'd owned them at the close yesterday. As of 3:23 this afternoon they are up 42% for the day.
Of course, that's an increase from 26 cents to 37 cents. Yikes.
CC announced today that it will close 155 stores leaving it with 566 stores still around. Cutting 17% of its workforce, renegotiating its leases. And is considering Chapter 11 after the New Year. Yikes again.