trading the stockmarket

payless

Kister - you certainly got into this one quick .. you first mentioned it in Dec 06, but site was only registered in Nov 06

equitydealer

prudryden wrote:

I agree, but too often, I find top analyst at different firms contradicting each other. Goldman says buy, Merrill says sell. So you find the equity that the majority like, and then back it up with the technicals as a comfort that the insiders are going to spring some surprise, like Enron.

I don't follow analyst recommendations either! There are usually reasons why analysts give buy recommendations (e.g. their investment bank does business with company being reviewed).

Xbigman

Its worth pointing out that virtually any trading system makes money in a generally rising market, which is what we have now. Its when the market turns tricky that the true value of any strategy is realised.
Regards




X

prudryden

equitydealer wrote:

I don't follow analyst recommendations either! There are usually reasons why analysts give buy recommendations (e.g. their investment bank does business with company being reviewed).

That used to be a serious problem with small caps. Fortunately, the regulatory bodies now issue substantial fines, censorship, loss of licenses, and even imprisonment if proven that they were manipulating the markets.

I would fine it very difficult to go visit companies and interview the financial directors, like the Goldman Sachs analyst do. How do you do your fundamental analysis, out of curiosity?

lokiman

Xbigman wrote:

Its worth pointing out that virtually any trading system makes money in a generally rising market, which is what we have now. Its when the market turns tricky that the true value of any strategy is realised.
Regards




X

Indeed, give that man a round of applause. It's about fundamentals, not pie charts, graphs and supposed patterns. Keep it simple, keep it safe, keep it smart. For anyone looking for a completely non-fad, fundamentally safe and sound way of investing in the market, I can heartily recommend 'Rule #1' by Phil Town:


http://www.amazon.co.uk/Rule-No-1-Strategy-Successful-Investing/dp/1905211317/sr=1-1/qid=1170787104/ref=sr_1_1/203-4387410-9917559?ie=UTF8&s=books