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Gold/Mining/Energy
Stockbrokers: who's agenda?

An SI Board Since July 1997

Posts	SubjectMarks	Bans
16	0	0

Emcee: JAMES BORECKI	Type: Unmoderated

Introduction Compact

I started out in "...trust me" mutual funds about 12 years ago. I started choosing my own mutual funds 7 years ago. I turned to a stock broker 16 months ago. Each step has been an education. Now I'm trying to figure out why recommendations that I get every month or so are crashing.

My broker keeps suggesting I buy stocks that have reached 52 week highs and ignore the short term losses. Hold for the long term. The stock very often goes down over the next month or more. In fact I have found that if I ignore the recommendation and wait for a few months the price will more often than not be significantly lower.
eg. Qlt last month @ $32...now 26+
O'Donnell Emerg. Mutual fund last month @ 5.18....now 4.19 Dimathaid 5 months ago @ 4.60....now 2.85.
Alphanet last month @ 11...now 8.75

I know this is all a game and no one can predict the future but, this is one of the top three Brokerages houses in Canada.

I have a hundred questions and comments but I'm looking for wisdom. Would anyone out there like to offer some insights into 'stockbrokers'?

JimBo

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
16	<Does any of the management fee find its way back to the brokerage house and	JAMES BORECKI	-	7/22/1997
15	JimBo To return to your original theme I was at a financial seminar the other	Leon Herrell	-	7/22/1997
14	Dave, thanks for the book leads. 'Rampaging Bull' sounds like a good a	JAMES BORECKI	-	7/21/1997
13	Hi JimBo! My condolences on your gold experience. If you just entered the mar	David Zabrocki	-	7/19/1997
12	Serte, thanks for the advice. I wish I didn't have to work for a living, I	JAMES BORECKI	-	7/17/1997
11	James, You've taken a good first step by opening an account for your own pe	Serge Collins	-	7/16/1997
10	Long term = cheaper later Great formula!! thanks About new smaller brokers: I	JAMES BORECKI	-	7/15/1997
9	Sorry for your loss JimBo but I have always followed a simple rule of thumb, &	David Zabrocki	-	7/15/1997
8	I'm very ignorant about underwritten stocks and how that whole process work	JAMES BORECKI	-	7/13/1997
7	James, It's interesting that you would make the analogy with groceries on a	Serge Collins	-	7/13/1997
6	I can recognize examples of what you are saying in the majority of stocks that	JAMES BORECKI	-	7/11/1997
5	To all, I have found that full service brokers rarely come to their own conclu	Jim Lang	-	7/11/1997
4	I appreciate your frustration What I am trying to do here is gather insights as	JAMES BORECKI	-	7/11/1997
3	Greetings Jimbo. Without trying to be too cynical, I have discovered, somewhat	Sharad Gupta	-	7/10/1997
2	Thanks for your response. I think there are a lot of us looking for shoulders	JAMES BORECKI	-	7/9/1997
1	Hello JimBo, I have no clear insight to stockbrokers except that in my experie	Leon Herrell	-	7/9/1997

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