Some good stock market website?

[BossMan.]

Hey,

Just curious to find out where some of you guys read about the stocks you are investing outside of there general announcements. I currently read a mix of the motley fool, (however I have heard in recent months that they aren't a very good source), Simply Wall Street and Australian based news such as the ABC.

Looking forward to hearing where some of you guys do your reading/if you read outside of the general announcements of the company.

I am new here so apologies if I have structured this wrong / am in the wrong section.

 

[divs4ever]

good ??

that is a tough hurdle recently

for lightweight stuff

i look at Yahoo Finance ( the Australian site ) for stuff that MIGHT move the market ( or share price )

The Bull(.com.au ) regularly Sunday night for the recommendations for stuff that MIGHT move the market ( i am a contrarian so a sell recommendation MIGHT start me researching a BUY target price ) , but glance at it during the week for other articles

Money Morning (.com.au ) often peeps into small caps , one might interest me one day

and just poke around and see what catches my interest ( world finances , property articles , etc etc )

cheers

 

[aus_trader]

News based investing/trading is probably not a good strategy on it's own from my experience in the past. I've had poor results chasing stocks with headlines in the news and I think the prices have already risen by the time news appears, so it felt like buying into a short term spike only to see share price slide thereafter...

News articles can help you search further into stocks however, so can give you that initial idea or that spark to do further research. Some of my initial lightbulb moments came from reading news articles before deep diving to find stock candidates for the Speculative Stock Portfolio for example. But I am very selective and a lot of candidates don't interest me once I research further, even though the news writers could make a stock look irresistible.

 

[over9k]

Depends on the size of your wallet.

A bloomberg premium subscription is only about $300/year and you get their news feed with it. It's well worth it IMO. If it saves your ass on just one trade in an entire year, it's paid for itself.

 

[divs4ever]

i see media articles , as something that MIGHT move a stock i am already interested in ( most of the time ) but sometimes highlights a stock that maybe i should research further .

sure i have a list of stocks i glance at constantly , but sometimes a company will make a dramatic move , that compels a decision ( to buy or sell )

for me , sentiment moves the share price , but it still has to be a stock i want to buy or sell in the first place ( i already had a sell order for SYD in the market well before the take-over offer news , i just received a higher price than i expected )

 

[BossMan.]

i see media articles , as something that MIGHT move a stock i am already interested in ( most of the time ) but sometimes highlights a stock that maybe i should research further .

sure i have a list of stocks i glance at constantly , but sometimes a company will make a dramatic move , that compels a decision ( to buy or sell )

for me , sentiment moves the share price , but it still has to be a stock i want to buy or sell in the first place ( i already had a sell order for SYD in the market well before the take-over offer news , i just received a higher price than i expected )

What are your opinions around the recommendations from companies like Citi and others who give there 'true' value of a stock. I have heard this is often bios with alternate motives but curious to see what your opinion is on it and the opinions of people on ASF are like around these 'true' stock values they put out.

 

[divs4ever]

i NORMALLY give little credence to the really big names with a long history of following a different strategy to the recommendation ( say buying into a SELL recommendation ) ASIC would be all over me like spray paint if i did that but several huge names seem to do that weekly

however SOME are willing to trade the trend they helped create , and being ( normally ) a contrarian , that can be useful

i calculate my own 'attractive' prices sometimes that is very low , and sometimes only a few percent below market action ( if i am buying )

part of the calculation uses both past divs. ( compared to my buying price ) and a guess at future divs ( March 2020 was a savage lesson to those relying on div. income ) and debt levels ( at how the debt is structured , some lenders are very greedy , others not so greedy ) , tangible assets ( if they have any )

now yes the published recommendations have their uses but only as a provocation to extra thinking ( imo )

take today's Bell Trading Ideas one stock included is EVN which i intend ( currently ) to increase via the SPP however the Bell chart hints at a $3.15 to $3.35 target ( compared to the SPP price of $3.85 )

so i could buy in the SPP and buy extra if EVN dipped to say $3.30 , wait to see if the predicted drop arrives , but so far the decision to buy extra EVN has been made , but at what price and how many

i guess it is a matter of choice follow the crowd ( trend ) or do something else

cheers

 

[aus_trader]

I can also add to the discussion that those big investment houses and brokerage firms mainly cover the big end of town. So for example anything in the ASX200 or All Ordinaries will have plenty of coverage, let's take example of the biggest miner on the asx BHP:



However if we go to the small cap end of the market, such recommendations and research is not readily available. Let's take a currently held small cap in the spec portfolio for example PRL:



So at this small end of the town where big firms don't really cover these stocks in detail, it requires the hard yards of doing your own research.

 

[Garpal Gumnut]

This is a good thread. I usually only do ASX stocks long.

For Investment decisions i.e. Buy or Sell the below list is not inclusive.

AFR : Useless for me.
Australian : Useless for me.
Tip Sheets e.g. Fool, Stockhead, Bull etc. : Useless for me. ( I now have run out of email addresses and aliases for free s-t subs for Fool )
Hotcopper : Full of nutters.
Commsec : Agree with @aus_trader above.
Brokers. : Absolutely fuc*ing useless.
Kitco. : Better than many
Yahoo. : Better than many
Crypto sites: See Hotcopper

Though one needs to keep up with trends so all above useful for right brain browsing to get a hang on the vibe, sectors, commodities etc..

ASF : Excellent for me for right brain work and the final confirmation of my decision especially small caps even if they are old posts (particularly if they are old posts). I'm not paid by @Joe Blow btw. but it really is the best. I browse it more than post.

It is a lonely job in the end making or losing money.

gg

 

[divs4ever]

might i suggest the big end of town ( top 50 stocks ) need a lot of research as well there can be a long way down for a former $50 ( or $100 plus ) stock

even in my 10 years of market participation i can remember several ' market darlings ' that have fallen from the analysts watch-lists ,

a large cap. implies 'too big to go to zero ' but haven't few tested that theory out in the last 5 years

yes small caps. imply a higher risk ( of going bad ) ( presumably because the army of analysts spot problems in the large caps earlier )

gems like BLD and WOW and some major banks

just be sure that small cap. has the higher potential upside to go with that risk you are taking some of them promise the world ( like MYR , RFG , CDU or CTP )

 

[Austwide]

My 1st rule in reading or getting tips (other than inside knowledge) is

NO one knows what a stock will do!

Some even pump a stock up so they can sell for a better price.

Sure read the tips as a starting point but then dig deeper.
If gold or irons going up then the gold and iron stocks may go up at least short term.
An uptrending stock will keep uptrending until it doesn't.

As said above, by the time you hear the news it's most likely too late.

Read posts on ASF who explain why they brought a stock and see which methods appeal to you then study that method

 

[aus_trader]

Agree, even with the blue chip stocks there needs to be independent research before making decisions to buy. Broker and investment bank recommendations need to be taken with a pinch of salt, be weary.

 

[divs4ever]

*** Tip Sheets e.g. Fool, Stockhead, Bull etc. : Useless for me. ( I now have run out of email addresses and aliases for free s-t subs for Fool ) ***

try Yahoo ( ymail ) i use ymail.com so i don't give out a nation on some sites ( but ymail.com.au could would for you maybe even a different .com.?? ) lets face it i do NOT use such email accountants for sending sensitive information , so the security is probably not needed

( i have several email accounts because the damn things keep breaking or going offline for say a month , so much for 'get what you pay for ' )

haven't been a ASF member long enough to dig really deeply here in the archives , i guess that gives me places to explore

i look at various sites for stocks to START to research , only a few times have such places caused a final decision

but Garpal Gumnut might be a gun-trader were razor-sharp reflexes are gold ,

cheers

 

[divs4ever]

** As said above, by the time you hear the news it's most likely too late **

it certainly was for me on AIS , i looked up and couldn't even see the tail-lights

but that might have been a GOOD thing , it has been pumping out news so often i would be starting to sweat by now ( take that profit or hang in there .

 

[Garpal Gumnut]

** As said above, by the time you hear the news it's most likely too late **

it certainly was for me on AIS , i looked up and couldn't even see the tail-lights

but that might have been a GOOD thing , it has been pumping out news so often i would be starting to sweat by now ( take that profit or hang in there .

As an example of the usefulness of ASF, I just went to the search function, and typed in AIS and got this result.

AIS - Aeris Resources

Straits Metals Limited (SRQ) was formed through the de-merger of the metal assets from diversified resource company Straits Resources Limited (renamed International Coal Holdings Ltd), and was listed on the Australian Stock Exchange on 2 February 2011. Straits is a mining and exploration...

www.aussiestockforums.com

It took less than 30 secs to quick read and gave me more information on where it is at than a lifetime of reading the AFR.

I then googled it "AIS ASX" to make sure some son of a gun hadn't run off to Afghanistan with the loot and got this result.

AIS share price and company information for ASX:AIS

View today’s AIS share price, options, bonds, hybrids and warrants. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information.

www2.asx.com.au

I then copied both searches in to a note titled AIS.

Next time I need to look it up I do a search for AIS on my Mac. Find the note. Two clicks. Or if I'm reading ASF just search again.

Just me. I'm impatient. I'm not interested in what some high class who*es and dic*heads are up to in Sydney so couldn't be bothered reading anything but the cartoons in the AFR.

gg

 

[divs4ever]

but i was reading an analyst research WHILE it was taking off , no time to calculate a target price it was just GONE ( higher ) and i do NOT chase a price higher

oh well , i have some reserve cash for the next attractive stock

 

[MovingAverage]

This is why I'm a system trader.

All of the sites mentioned in this thread are completely useless to me and more often than not running a particular agenda.

As @aus_trader rightly pointed out "it requires the hard yards of doing your own research" and this is extremely complicated and at times very subjective. All of which isn't for me. Give me system trading any day.

 

[BossMan.]

This is why I'm a system trader.

All of the sites mentioned in this thread are completely useless to me and more often than not running a particular agenda.

As @aus_trader rightly pointed out "it requires the hard yards of doing your own research" and this is extremely complicated and at times very subjective. All of which isn't for me. Give me system trading any day.

I have never looked in to system trading, I am under the assumption that is looking at buy/sell trends for short term positions. I am likely very wrong, would you be able to give me some insight in to what system trading looks at specifically?

 

[MovingAverage]

I have never looked in to system trading, I am under the assumption that is looking at buy/sell trends for short term positions. I am likely very wrong, would you be able to give me some insight in to what system trading looks at specifically?

Check out the “dump it here” thread—will give you some good insight. Pay close attention to posts from @Skate

 

[frugal.rock]

As Mr @Garpal Gumnut has stated, this website is the ducks nuts.
Investing.com being a forum sponsor, is my general go to for pricing and charts on equities, cryptos, futures, commodities, bonds etc
They also have tech/quant buy/sell analysis on stocks based off a myriad of indicators. Unused by me, but one could system trade from it if savvy enough and formed a plan.

Not many other websites are visited regularly, but "stockhead", "smallcaps" are ones (amongst others) that I seem to find stock reviews on that I may be interested in.
Usually just found by general search and these are possibly informative, possibly biased, possibly unfactual, but at the end of the day, someone's done some work on it, so I'll access that work for free with an open mind, thankyou.

There's nothing like the company announcements though, but remember to tie in and factor in external/ market macro forces that may effect your interested stock.

Good luck @BossMan.