To: musicguy who wrote (27 ) 6/28/1998 3:41:00 PM From: Frederick Langford Read Replies (2) | Respond to
Look, Do your own DD is a mantra. When people give a pick, whether they give 30 pages of DD or nothing, they all know to print the ever present comment, 'do you own DD' It's like a mini disclaimer, so when the stock doesn't behave as predicted, the person can say, 'I told you to do your own DD' The most amusing part is that most of the bb's do not file or report, it's commonly agreed that TA isn't very useful with bb's either. So to me doing DD must mean reading news releases and calling the company, and we all know that is 50% reliable. So cut the nonsense. I for one will look and many peoples picks, it helps narrow down a large group from which to pick. Often many who call stocks try to give the impression they 'know' something, that's the hook. Everyone knows there is no time for 'DD' when a momentum play is called, but nontheless, when it tanks, the answer is usually the same, 'You should have done your own DD'.
