Stay the course It's unfortunate that brands with gritty, stoic business DNA like J.C. Penney are being abandoned by reluctant investors. Wall Street types, which spook like rainbow trout at the hint of bad news, remain skeptical of J.C. Penney's potential. Most recently the hedge fund Hayman Capital Management sold all of its shares in J.C. Penney, and is now leading the paranoid hysteria. These types of mind-sets are scared off because J.C. Penney has work to do -- real, challenging work, and that is something money manipulators find undesirable, even incomprehensible. That's how followers, not leaders, think.