To: Faze who wrote (4454 ) 12/15/1997 10:17:00 PM From: maintenance Respond to of 26850
Hi Faze. You sound new to this racket. Here's a few suggestions. 1 Ignore idiots, don't let them influence you. Arguably, psychology plays a role in this game, you need your wits. 2 Do some research, read the business section of the paper. Read some financial publications. Don't worry too much about which ones, you will weed out the crap and find the good ones in time. 3 NEVER let money burn a hole in your pocket. There are ALWAYS good oportunities out there. If you miss one, so what, there IS another. Better to wait than lose. 4 On SI or anywhere else, always question peoples motives for a recommendation. If you read that some stock is a good buy, investigate it yourself. SI is great for pointing out resources and sharing frustrations or excitement. But if you ask someone on the WSP thread about WSP, you are asking someone who likely has shares in WSP stock. There is a bias. 5 Get a textbook on Investment Management or Investment Analysis from any university bookstore, it is dry reading but it will give you a basic understanding of stocks and bonds. New ones tend to be more interesting than old ones because examples are recent, but old used ones will give you the knowledge. 6 Get a copy of Winspears latest annual and interim reports, read their news releases. Study these and decide if they make good sense, then use your judgement to decide if you want to risk your money supporting their work. The textbook will show you how to analyse the reports. I have some WSP, I think it will go up. I think it will go down before it goes up. I have been wrong before. How can you tell I am not trying to sell you my shares so I can get out of WSP, YOU CAN'T. Good luck, I hope you make bags of money! Cheers