Due Diligence - How to Investigate a Stock Message Board

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Strategies & Market Trends : Due Diligence - How to Investigate a Stock

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To: MoonDog who wrote (130)	4/1/1999 10:16:00 AM
From: Dusty	Read Replies (3) of 752

Pays to get a handle on just who's advice one takes action on. Many on the various threads are into "shorting" a stock. The best advice to anyone not real experienced is do NOT buy anything until they have been on SI for a minimum of a year. Just read, and learn. Read the horror stories. Never but never spend any money you cannot afford to lose! Because, 99% of the time this is what happens. If anyone is willing to "share" inside tips and or information, head for the hills! Always, ask yourself, WHY the information is being offered and who is the most likely to benefit from it. It is a known fact that ANYONE promoting and "sharing" ALREADY has a position in the stock, PRIOR to passing on the tips and information... ESPECIALLY, be weary of anyone who makes it a point to tell everyone who will listen, just how HONEST they are and comes across as the person next door that anyone would like to have as a neighbor. Keep your guard up at all times. There some slick cons on these threads and only experience can teach this. The Internet is a wonderful tool but it can cause great harm as well. Most of the penny stocks are being touted by "groups" of individuals who take very large positions prior to "sharing" the pick. By groups,I am not referring to the general group who posts to a particular thread; there are groups within the threads who prey on the sheep who are unaware of the tight network of investors who network together. Sharpen up the analytical tools and tear apart every post and look for the signs, they are there; we just fail to see and heed them. Don't be hasty to jump on the bandwagon, there will be another along shortly. Watch how a stock trades for a few months prior to buying. Read press releases with a jaundice eye and question everything and trust no one! The investment arena is not for the faint of heart. Happy Investing! Dusty

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