FRANK,
<I don't understand technical analysis that well and don't have any contacts that I call. I don't maintain a full service brokerage account just so I can call for advise. I just use my research tools and pc and do my dd, this has worked well for me. call it what you want it's still gut,instinct,feeling,gamble some even call it investing. good luck in your investing.>
In the long run you will lose, so, if your not prepared to make the calls you should put your money in a mutual fund. By the way, I don't have a full service bokerage either, by the time you get the news, its already been fully disciminated.
Due Diligence is talking to people, not reviewing what other people say. You have to find out for yourself directly. Its not getting, "Inside information," but understanding what information is available.
Here are a couple of examples from my experience. I was interested in a company called Patrick Industries. I knew somebody who worked there. I asked questions of them, talked to him, got some insight into the CEO, found out that he was going in for quadruple bypass surgery, found out the hierarchy for sucsession, etc. Made a few hundred when I realized the CEO would not sell out.
Another, owned VNTX, talked to Quality Assurance Manager about a submission with the FDA, asked his opinions (not fishing for if he knew whether the product was going to be approved or not), he told me the FDA would approve because there were no substantive changes in the product. This was months before information was fully disceminated by the public.
Finally, one other point, this is work and not a game. If you play by your guts you will eventually see them strewn out before you. Even if you take some hits because of incorrect interpretation, you should never assume anybody knows more than you do, because they don't. There is no effecient mkt.
I should also mention I like to write, which is why I'm writing to you. Its unfortunate that you can't give me insight which I don't already possess.
Charger and P.M. Freedman have insight. After you gain more experience you will learn who knows and who doesn't, who to read and who to ignore. Unfortunately due to time constraints and your admitted ignorance I won't be reading you any more.
I appologize if all this sounds nasty, its not intended to.
One other point:
The upside surprise should be due to Kiva and E-commerce strategy. |
