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Ackman's fund sells entire JC Penney stake

Monday, 26 Aug 2013 | 7:44 PM ET

CNBC's Seema Mody reports JC Penney fell nearly 2 percent after Ackman's fund announced it is selling its entire stake in the retailer. Larry Glazer, Mayflower Advisors, and Michael Cuggino, Permanent Portfolio Funds, weigh in.