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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?


To: LemonHead who wrote (1875)5/11/1998 7:58:00 PM
From: Ga Bard  Read Replies (1) | Respond to of 9440
 
Post what you got. My 7 rules are out there some where ...

GB



To: LemonHead who wrote (1875)5/11/1998 8:28:00 PM
From: Binder  Read Replies (1) | Respond to of 9440
 
Keith,
I will be happy to share my rules of investing with you. Don't know if it is quite what you are looking for, but it has worked for me so far.

First of all, let me start off my offering my deepest sympathy to the people who live in your town. I think all of America was saddened by what happened there, but especially those of us with children. May God give you all the strength to put this behind you and move on.

Now, with that said and done, here are the rules I go by:

1) Recognize the difference between investing and trading.

2) If investing, be able to give concrete reasons why you are in a stock. If you cannot answer specific questions about the company, you shouldn't be holding it long.

3) Familiarize yourself with BTS and implement it.

4) Catagorize a stock, and be able to change categories immediately. ( Of course, understand that each category has its own set of rules.

5) Do your own DD. Rely on No One. Trust even fewer. If you have any doubts, don't do it.

6) Don't be afraid to take your profits, and don't be afraid to average down.

7) The Golden Rule, as quoted by GaBard..."Trade based on what is right for you, not on what others say or do"

Helps me anyway.

:-)
Binder



To: LemonHead who wrote (1875)5/11/1998 11:39:00 PM
From: Charger  Respond to of 9440
 
Lemon - here is something that I use to help my DD -

When I find a poster who seems to have consistent valuable information, I bookmark that name (profile) and then if I need to search back for something again, I can run down the list of posts under the specific stock, or site, and usually the first line will remind me. You might be able to find that list of rules that Gabard posted by looking through his profile.

But, in case SI doesnt archive profile messages back beyond a certain time (which is the case), and something I see seems particularly important, I copy and paste it in an email to me and file it under a relevant subject - such as "Gabard's teachings".

So, in case you cannot find this post that you requested by searching through Ga's profile, here it is:

"Maybe I expect too much but here is what I do
> expect every investor to do as a minimum.
>
> 1.) Read the news releases
> 2.) Read at least the last SEC filings
> 3.) Read the posts from the start of the thread.
> 4.) Find the Researcher and read their DD
> 5.) Click on the responses to that post for negatives.
> 6.) As you read make a list of questions
> 7.) As you find the answers write them down
> 8.) Then you call the company with the questions you cannot find
> 9.) Note answers that you cannot verify in the SEC filings /
> releases
10.) Make note of changes in the releases (personnel,
> location, etc)
11.) Look at the trading logs & charts for volume.
> 12.) Pay attention to the volume changes/posting/news/etc.
13.) Try to determine why a broker would invest their mother's money
> 14.) Take the stock structure into account total dilution.
15.) Look for reverse splits, convertible debentures, Reg S, etc etc
> 16.) Try NEVER to ask a question on line unless it is not found in the above."
>

Best, Charger