Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

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Two fallacies drive speculation in BK stocks:

1) The belief that charting can find winners even among junk stocks. But T/A has never been proven to work. Where are the funds that rely on Technical Analysis? Mutual funds that went the route in the past all failed.

2) The mindless belief that "Risk Equals Reward." It's been long proved that longshots are terrible bets at the racetrack. Betting favorites is boring... but smart. Buffett made his stock market billions with the safest blue chips (plus cheap leverage from his insurance float).

Want to do better in the stock market? Buy index funds or go with a well diversified portfolio of dull blue chips.

JCPNQ is a bad bet. But most of you already know that.