Day traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks

· *Day traders are betting on bankrupt companies including Hertz and JCPenney, even though shareholders tend to be losers in the bankruptcy process.*
· *Hertz, JCPenney, and Whiting Petroleum shares rose by more than 95% on Monday, while Chesapeake Energy and GNC, which are said to be close to filing for bankruptcy, rose by...