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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: CusterInvestor who wrote (65733)6/16/2009 10:45:01 AM
From: Claude Cormier  Read Replies (1) | Respond to of 78408
 
There is always a business behind a "stock tip". Many business fail but many succeed.

The trick to get a good stock tip is to first decide in which kind of business you want to invest. This will change from time to time depending on market conditions. (i.e. right now you do not want to invest in newspapers, or housing, or banking..etc).

Then you identify those businesses from various sources and try to decide if they are for you. (size of the business, level or risks, balance sheet, business plan and potential, country of operations..etc)

Once that is done, the you have some good stock tips. Even then some of these business (and therefore stocks) will fail, but many will succeed.

Another way to make money is to trade stocks. That is another game. You do not need to know the businesses. You can select various trading vehicles that are often synthetic. You learn the technicals of trading. You buy low and sell high. Mechanically using charts and patterns.

You can also have mixed both styles. Invest in real businesses, but trade partially their stocks depending on technicals, news..etc

Have fun.