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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="LibertyTurns" data-source="post: 696831" data-attributes="member: 789"><p>I subscribe to IBD mostly for the stock screeners and analytics. $30/month.</p><p></p><p>I’d buy a copy of William O’Neill’s How to Make Money in Stocks. Best ROI on any book you can ever purchase IF you are disciplined and dedicated to following the rules. Lots of things to learn regarding market dynamics, chart formations, how to spot break out opportunities, etc.</p><p></p><p>Methodology called CanSlim emphasizes:</p><p>C- Current Quarterly Earnings- look for accelerating earnings growth</p><p>A- Annual Earnings- same principle</p><p>N- new, innovative product or service- drives demand for stock</p><p>S- Supply & demand- look for volume increases particularly during price increases</p><p>L- Leader- pick from top sectors & leaders within that sector- weak sectors perform poorly, weak stocks in hot sectors don’t perform as well as top stocks in hot sectors</p><p>I- Big volume means institutional support building- institutional funds need to buy lot to create a position. Drives lighter traded stocks up rapidly when they’re adding (also occurs over a sustained period)- time to make money</p><p>M- Market direction- buy when market in uptrend, avoid downtrends. Distribution days with follow thru like we saw on 1/27 & 1/31 are bad omens. Sustained uptrends make it hard to lose- think advance/decline stats</p><p></p><p>I think there’s some nervousness in the market & many were looking for a reason to sell. Overall, we’re in a long term uptrend, still. We have not rolled over the 200 day MA yet.</p><p></p><p>Coronavirus will give top cover to poor performing CEOs to scapegoat their bad record onto China & events outside their control. Most should have been investing in capital improvements, hiring to meet demand, etc and were missing the boat. Many over-relied on China, a poor business partner & needed to diversify their supply chains. Yeah, some concerns over a Socialist or worse yet a ruling elite, anti-business Democrat getting elected on top of that. Fed also wrongly started restricting the money supply a year & a half ago with the economy not yet firing on all cylinders. The not actually a tax cut bill was somewhat stimulative because business taxes were cut, but bottom line is we reduced the rate of tax increasing but actually still raised taxes (no bueno for good economic growth).</p><p></p><p>Small investors like us are supposed to be nimble. We can take a position or sell a position more rapidly than institutions. You can take advantage of market hysteria at a moment’s notice. It takes a long time for a fund to dump a couple million shares. I can dump 1k shares in 2 mins. You can invest like the S&P, but avoid the bottom half. Indexes have to mimic the market. All type of opportunities to out-perform. You just need a system and understand how the game is played.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 696831, member: 789"] I subscribe to IBD mostly for the stock screeners and analytics. $30/month. I’d buy a copy of William O’Neill’s How to Make Money in Stocks. Best ROI on any book you can ever purchase IF you are disciplined and dedicated to following the rules. Lots of things to learn regarding market dynamics, chart formations, how to spot break out opportunities, etc. Methodology called CanSlim emphasizes: C- Current Quarterly Earnings- look for accelerating earnings growth A- Annual Earnings- same principle N- new, innovative product or service- drives demand for stock S- Supply & demand- look for volume increases particularly during price increases L- Leader- pick from top sectors & leaders within that sector- weak sectors perform poorly, weak stocks in hot sectors don’t perform as well as top stocks in hot sectors I- Big volume means institutional support building- institutional funds need to buy lot to create a position. Drives lighter traded stocks up rapidly when they’re adding (also occurs over a sustained period)- time to make money M- Market direction- buy when market in uptrend, avoid downtrends. Distribution days with follow thru like we saw on 1/27 & 1/31 are bad omens. Sustained uptrends make it hard to lose- think advance/decline stats I think there’s some nervousness in the market & many were looking for a reason to sell. Overall, we’re in a long term uptrend, still. We have not rolled over the 200 day MA yet. Coronavirus will give top cover to poor performing CEOs to scapegoat their bad record onto China & events outside their control. Most should have been investing in capital improvements, hiring to meet demand, etc and were missing the boat. Many over-relied on China, a poor business partner & needed to diversify their supply chains. Yeah, some concerns over a Socialist or worse yet a ruling elite, anti-business Democrat getting elected on top of that. Fed also wrongly started restricting the money supply a year & a half ago with the economy not yet firing on all cylinders. The not actually a tax cut bill was somewhat stimulative because business taxes were cut, but bottom line is we reduced the rate of tax increasing but actually still raised taxes (no bueno for good economic growth). Small investors like us are supposed to be nimble. We can take a position or sell a position more rapidly than institutions. You can take advantage of market hysteria at a moment’s notice. It takes a long time for a fund to dump a couple million shares. I can dump 1k shares in 2 mins. You can invest like the S&P, but avoid the bottom half. Indexes have to mimic the market. All type of opportunities to out-perform. You just need a system and understand how the game is played. [/QUOTE]
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