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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4961)	4/4/1999 10:52:00 AM
From: gotmojo	Read Replies (1) \| Respond to of 57584

This is my first time posting.I've been reading many threads throughout si and i feel that this is by far the best thread.I am new to investing in pennies.Could you please tell me what i should be looking for when i do my dd.Thank you.

To: Rande Is who wrote (4961)	4/4/1999 11:20:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

As a postscript to all, when I do DD on a stock, I don't bother with what the Street.com or MotleyFool or the WSJ writers have to say. I only look at what they have to say AFTER I have made up my own mind. Instead, I first do a quick overall profile to make sure they are worth my time. Then I sit down and pour thru the Edgars, focused mostly on the history of the company. . I start with the oldest Edgar filing I can find, then as I read the others, I check to see if the company has met its goals with the last. I look at financials to make sure that they can run the business they are building. I study historical charts. Then I go after every raw fact that I can find on a company and MORE importantly their INDUSTRY. I do a competitive analysis. . . All the while looking for a reason to discard the company. After absorbing all that I can stand, I walk away for several days. . .during this time, I might take a peek at the website or watch how it trades, or I may need to do further DD, should something keep popping into my mind that bothers me. Then I simply either KNOW that a company is going to make it or I am bothered some more, requiring further digging or a reason to discard it. This is clearly a right brain approach to DD, but with left-brain analytical reasoning used primarily to find more truths to feed the right-brain. Reading a book on the way the brain works, may reveal more about this process. . .I use both halves [mostly forward 'cerebral' sectors] but have come to rely on what the right side reveals. . . I do NOT trust pure analysis. . .which may explain why I don't trust analysts [not to mention those with hidden agendas]. Perhaps this better explains why the finest analysts and fund managers on Wall Street can only seem to manage mutual funds that gain 10 or 20 percent, with "most aggressive" "top performer" for the first quarter of 1999 gaining 56 percent. . . while my long portfolio of 40 stocks topped 100 percent in the same period. . . without making a single trade. So the left-brain analysts make their predictions with a calculator. . .and right-brain analysts read raw data, then take long walks. Rande Is