no forex here. i stay to my comfort zone. dont understand too much of forex, commodities trade.
what stocks have u been eyeing gman if u trade them? what u by profession?
since this can and should be an educational thread and i have time, i will babble a little...
jcp is a tough call, my motto is always to get the best company in a sector despite market noise, historically that has worked out very well again and again.... i been following market over 15 years now. this is my secret actually, very simple, i will always back up the best company..
for example, i would pick a sector and try to get the best/brand in that sector... and factor in social, technological and mass psyche to hazard how optimistic i will be about a stock. human nature by default is slow to adapt to changes and this is the reason i think well known, established companies give you a lot of opportunities... u dont necessariky have to find that unknown hidden gem.....
coming back to retail (forget about division within for a sec, if u think overall which company would trump everyone else).... maybe walmart, costco, but how is our shopping changing...more reliant on online, so who is the best in online retail...answer is amazon.com, now with this type of change in shopping habits who else to benefit, credit card companies, who is the best, master card, what is my risk... bitcoin (so u would keep some eye on it, ignore it most of the time, remember human are very slow to adapt but if a product is right ultimately with time it will take over..who else, carrier, who is the best, fed ex.. who is the worst united postal..)
this is how i usually follow, pick my stocks...naming the best companies..
entertainment/movies : netflix
surgical technology: intuitive surgical
electric car: tesla
brick mortar technology shopping : best buy
and it goes on and on...... none of these companies have any real competition in their field.... so when these companies gets dragged down by some outside noise... ie mortgage crisis, recession, election, debt ceiling, its time to jump in.
thats why i will always doubt jcp, its not really the best in its sector....
i have a mock portfolio: since late 2009, sp is up~ 100 percent, my mock in that time frame > 300 percent... has 15 or so stocks in it (all the above mentined stocks part of that except tesla) and its rock solid in terms of diversification. these picks just solidifies my judgement.
but when putting money in i have same problem as the next door teenager, not enough money, and big dreams, so i play aggressive 1 stock, try to minimize cost and go all in.. and attempt to time market... and fail numerous times too...
regarding, quantitative easing, i think federal reserve should start tapering now, i think market is at a point where it can take some hit.....