I think many people are starting to get hip to the way the markets really work, and it is not pretty and sure isn't moral by any stretch, like sausage making.
It is an inside game, and the only reason I do well, as do many others is the refinement & use of technical analysis, otherwise I would be long gone.
5 years ago I poured through annual reports, balance sheets, all that stuff, and came to the realization that a lot of the numbers I was seeing were not right, were "cooked" to some extent, pushed to the limits so to speak.
My wife is an accountant, so she can smell a cook job a mile away, that is how I learned what to look for.
Some companies are straight, that is how I found NEWP & VTSS 5 years ago, built a position & waited, you know the rest, they got found.
The numerical values you can get out of t/a can shine the light to what is really going on, regardless of what they are spinning.
We have seen them go after the small & weak fish, now to restore some faith in the system, they have to start making the big fish think twice. Nobody cares much in a bull market, but in a bear market people begin to feel the fool, and worse, the victim...As this bear drags on, I expect we will see many of these types of stories. |
