It is good to be defensive about advice on the net. What you do with the advice is up to you, obviously. Any half-serious investor would not buy a stock based on a simple recommendation, and do his or her own homework. Same goes for implied risk and asset allocation. But fact is that most people don't. I do not know the motive for this site. What i can see is that the recommendations they give are well researched and based on solid facts. You might not agree with their recommendations, and I certainly don't agree with some of them, but at least the site offers interesting ideas for one to ponder and develop. One might know how to evaluate a company, but one does not always know which companies to evaluate. That's where these ideas come in.
And speaking of stockgroup, 3 of their past speculative ideas(non-mining), namely Mindflight(now RDM), Smartire and Silent Witness were all small high-tech firms that have skyrocketed since.
Not all of their picks have performed that well, but it is up to the individual to do his or her homework on these stocks.
Secondly, comparing stockgroup to www.equityanalysis.com is like comparing apples to oranges. i doubt that you have even bothered to visit www.equityanalysis.com it is certainly not pushing penny stocks; most of their recommendations are blue-chips, which sets it apart from the "boiler room" sites which are dedicated to pushing vse and otc stocks. Given that we are on a natural resource thread, you might be inured to such sites, and have probably adopted an instinctively cynical attitude towards them.
I strongly suggest you visit the site and substantiate your superficial claims with solid evidence, instead of just labeling everything with the cynical brush of a hardened resource investor who has been impoverished by Asia while everyone else is making record profits. |
