Style; I could not agree more.
I remember, (back before electricity), when I first tried to figure out how to pick a stock. The first thing I did was grab some books from the library and yank out my big dictionary. The first book I really remember was a book by Peter Lynch. It helped me a lot. I liked technical analysis, so I found a couple of TA books that were easy to read. Then, with a little (losing) commodities experience under my belt, I jumped into stocks. I paid attention to the stuff that made sense to me, ignored the stuff that didn't, and kept trying to learn more. That was about 10 years ago. I still read investment books on a regular basis. The most important thing I've learned, and it seems to be the hardest thing for some people to really get, is that no book, no computer, no rumor, no tip sheet, and no home study course will help me if I can't make up my own mind. Once I've done that, the rest is pretty simple; if you make money it's good, if you lose money, it's not good.
If I screw up, I look at what I used to form my opinion that didn't work.. And then I try not to do that again. Unfortunately, most of what I tried didn't work at first. Fortunately, I've had some money left over after the screw-ups. When I make a great call, I look at what worked and I use it again. It sounds a lot easier than it is, eh?
If anybody asks me what stocks I like, I just tell 'em to go the library and get Peter Lynch's books and Thomas DeMark's books, form their own opinion, and buy something they like. (My mother-in-law bought some Wal-Mart about 100 years ago, and I thought she was nuts. She liked the store. She still owns the stock. She was very right.)
I used concepts from those books to form my opinion on ASND. I read what you, and some other people, were writing about the stock before I bought one share.
Now, if I can just figure what they make, I'll be stylin'! :o) pete |
