Chuzz, <<Amazing how acute hindsight can be with some of these analysts. What were they
saying in December? Now just how much do these guys get paid?>>
Well at least some of them eventually get it. But in all fairness to them, most of us on this and other threads do have a serious advantage over most analysts. The main advantage is that what we have at stake is OUR MONEY, whereas they have just to please their bosses, not screw up too badly and from time to time make an impressive call on a stock or a sector.
Also, most of the folks on this and other thread usually don't follow more than 6-10 stocks at any one time and we freely share what we learn about the companies, whereas the analysts undoubtedly follow not only many more stocks but usually multiple industries in multiple sectors.
Sure, they are supposed to be the experts, but most folks are smart enough to educate themselves thoroughly about the companies in which they invest their own money. Of course there are those who, though smart enough, are too lazy to do the work required to make reasoned and intelligent decisions. (I like to think it is their money that we are taking off the table as our profits <ggg>!)
BTW thanks for the posts on CNPEG/CNPEG2, I'm sure I'll have some questions for you when I have some time to run your calculations against some equities I follow. Today was a dream come true for a fearless day-trader, no?!! Regards and aloha. |
