Spec stocks

[DeepState]

Who was Competitive Strategy by?

Michael Porter. Tom, I recommend that this is a high priority. It will give you a framework to assess the strategic position of a company which complements how valuation and value are determined. You can develop your own twists from there, but this was absolutely revolutionary and remains de rigour in business schools today. Porter is a legend.

Are you planning on speculating on FX and index futures as well as spec stocks?

 

[tom82]

Might also want:

Phillip A Fisher's 'Common Stocks and Uncommon Profit'
Peter Lynch's: One up on Wall Street; Beating the Street.

You can get these, free, from most torrent sites, like... Kickass.to

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From memory, Fisher's advise regarding speculative stocks... i think he called it specialised situation, is this: That while you could make incredible amount of profit on them, they are too dangerous for an average investor. That unless you have specialised knowledge about the specific company and its specific industry, it is best to avoid it.

I don't think you could know the health of these small, specialised, companies from its financial reports. So unless you're willng and able to go and talk to the company, its management, and know what you see and what they tells you... you might not want to speculate, and probably best not to speculate it based on its share prices.

----

I remember Buffett saying there are two most important chapters from TII - they dealt with Mr. Market analogy, market behaviour and another i think was about valuing the business, not the stock.

I personally preferred Fisher's, but Graham does provide that framework in more concrete terms.

Once you read these 3 guys, you'll find most others are either wrong or just derivatives and your time are better spent reading annual reports to look for opportunities than reading more books.

Just did a search for one of those and did a download and the download crashed my internet browser with all my open tabs, changed my home page settings and opened a browser window with some websites, because the browser opened after it being crashed the first time I was not able to recover all open tabs I had open grrrrrrrrrrrrrrrrrrrrrrrr! Peed off now.

 

[luutzu]

A house would be 1 of 1 000 000 [?] houses in a state?
if 1 house burn out of that, it'd be 0.0001%... wouldn't even make the rounding to 3 decimal places.

Was trying to say that just because most mirco does well doesn't mean your 1 or 5 o 50 micro will also do as well. Too statistically insignificant.

----
Anyway RY, might not seem like it, but i think you're a good man. Trust me, i don't say that of many people. Smart? haha... i mean, i don't muck around with people I don't think are smart - that'd be cruel

Anyway, been procrastinating the past week... time to get back to work.

I've learnt a lot from you guys... i'm a bit surprised at how generous you guys all are.
Alright, let's not come back too often lest i have no one else left to upset

 

[tom82]

Michael Porter. Tom, I recommend that this is a high priority. It will give you a framework to assess the strategic position of a company which complements how valuation and value are determined. You can develop your own twists from there, but this was absolutely revolutionary and remains de rigour in business schools today. Porter is a legend.

Are you planning on speculating on FX and index futures as well as spec stocks?

Great thanks for that, how long ago was it written / published?

I am trading forex with price action methods, charts, signals look for are low test / high test candles (also called pin bars, also has other names), inside bars, and the hikake pattern. I mainly got the futures books for information on commodities trading.
I have written a trading plan, that covers what signals I can trade and how to trade them, plan has examples of entries and exits and a money management rules and position sizing section of the trading plan.
ETF's / LIC's / A-REITS I have been contemplating in investing in.
Someone mentioned reading company reports and/or their financial documents, I'm on to that as well.

 

[luutzu]

Just did a search for one of those and did a download and the download crashed my internet browser with all my open tabs, changed my home page settings and opened a browser window with some websites, because the browser opened after it being crashed the first time I was not able to recover all open tabs I had open grrrrrrrrrrrrrrrrrrrrrrrr! Peed off now.

careful man.
Best to save these files in your C drive, in case. But PDFs and movies should be OK.

instructions attached.View attachment torrents.pdf

 

[tom82]

careful man.
Best to save these files in your C drive, in case. But PDFs and movies should be OK.

instructions attached.View attachment 58228

It was a binary / executable file and it was under the name of One up on Wall Street; Beating the Street.

 

[burglar]

Great thanks for that, how long ago was it written / published?

I am trading forex with price action methods, charts, signals look for are low test / high test candles (also called pin bars, also has other names), inside bars, and the hikake pattern. I mainly got the futures books for information on commodities trading.
I have written a trading plan, that covers what signals I can trade and how to trade them, plan has examples of entries and exits and a money management rules and position sizing section of the trading plan.
ETF's / LIC's / A-REITS I have been contemplating in investing in.
Someone mentioned reading company reports and/or their financial documents, I'm on to that as well.

I suggest you find something you really like!

Otherwise, it would appear to me, you are spreading yourself a bit thin!

Then again, what would I know:
.I have read three books.
.Did not retire young.
.Try not to trip over same rock twice.

 

[luutzu]

I thought there was some books by Fisher, but couldn't think what they were.
Is Common Stocks and Uncommon Profit a book or only an audiobook?

The one in the instruction is an audio book.
That one's a professionally made audio book.

But it was originally a book.

 

[tom82]

I suggest you find something you really like!

Otherwise, it would appear to me, you are spreading yourself a bit thin!

Then again, what would I know:
.I have read three books.
.Did not retire young.
.Try not to trip over same rock twice.

What is the third book?

 

[luutzu]

It was a binary / executable file and it was under the name of One up on Wall Street; Beating the Street.

Don't download .exe files. Those are programs.
Open your Control Panel, go to Uninstall Programs and see any new application has been installed just then.
Remove those unfamiliar and jsut installed [if there's any].

sorry i just assumed people know these

But it's well worth it after you get the hang of it...


books are: .pdf; .epub
movies are .mp4, .avi etc.

 

[tom82]

Don't download .exe files. Those are programs.
Open your Control Panel, go to Uninstall Programs and see any new application has been installed just then.
Remove those unfamiliar and jsut installed [if there's any].

sorry i just assumed people know these

But it's well worth it after you get the hang of it...


books are: .pdf; .epub
movies are .mp4, .avi etc.

Yup thanks uninstalled the stuff it installed.

I know of them and heard of them but not familiar with them and never found a decent guide or how to about them.

Aware of some of the file types for movies and books (mainly pdf's).

Could consult one of my IT specialists / consultants for further advice.

 

[tom82]

Been trying to find an alternative to term deposits as there interest rates aren't the best at the moment.
Thought about Bonds, but that requires another book and/or learning to understand them adequately.

 

[luutzu]

It was a binary / executable file and it was under the name of One up on Wall Street; Beating the Street.

Follow the instructions to download, don't click on weird links.

If you need to download software/exe files, read the comments by other users first.

Then best to save download to C drive so if there's a virus, you can reformat your PC and keep your other files on D drive etc [assuming you partitioned your PC to at least 2 drives yea?]

also back up often all your important files.


Sounds like it's dangerous but i've used it for years and all my files are still safe.

 

[burglar]

What is the third book?

Louise Bedford's, "Candlestick Patterns"

 

[luutzu]

Yup thanks uninstalled the stuff it installed.

I know of them and heard of them but not familiar with them and never found a decent guide or how to about them.

Aware of some of the file types for movies and books (mainly pdf's).

Could consult one of my IT specialists / consultants for further advice.

Your best and cheapest IT consultant is Google

And i don't know about bonds, but with current low interest rates, best not to buy them and lock yourself in.

 

[tom82]

Follow the instructions to download, don't click on weird links.

If you need to download software/exe files, read the comments by other users first.

Then best to save download to C drive so if there's a virus, you can reformat your PC and keep your other files on D drive etc [assuming you partitioned your PC to at least 2 drives yea?]

also back up often all your important files.


Sounds like it's dangerous but i've used it for years and all my files are still safe.

Dont think I ever partitioned a hdd for a windows box, have plenty of times for linux (Debian) and BSD boxes.

My D: drive is a dvd writer/reader.
Yeah have a backup disc in the drive at the moment from before I tried windows 8, didn't like it so formatted and re installed 7, but yes need to backup again sometime.
Also using Dropbox.

I get good free service from my IT specialists, a mate runs his own business the other guy I know from school

 

[tom82]

Follow the instructions to download, don't click on weird links.

If you need to download software/exe files, read the comments by other users first.

Then best to save download to C drive so if there's a virus, you can reformat your PC and keep your other files on D drive etc [assuming you partitioned your PC to at least 2 drives yea?]

also back up often all your important files.


Sounds like it's dangerous but i've used it for years and all my files are still safe.

Often hear people raving about torrents but Ive never had a successful experience in getting what I want / expect and some websites disappearing.

 

[luutzu]

Been trying to find an alternative to term deposits as there interest rates aren't the best at the moment.
Thought about Bonds, but that requires another book and/or learning to understand them adequately.

I think you're looking to learn how to invest yea? Not sure which ways there are, and which works?

Go to www.youtube.com

Type in keywords and watch the videos, introductions etc...

Watch about charting/technical analysis, watch about Warren Buffett/Charles Munger, Graham/value investing, fundamental analysis...

These will give you an overview of the many approaches out there, and it should quickly narrow your preference for further detailed study.


That's how i'd do it because when you read books, at least for me, it will take me a while to absorb and try to understand what's being said... and sometime, if i spend enough time to try to understand something, i got no energy left to step back and see if what they're saying makes sense or not - too busy with the details to see the bigger picture.

But that's just me... my wife could read and read very well so she could finish most books in two days... me it would be a week, spread over a month.

 

[tom82]

I suggest you find something you really like!

Otherwise, it would appear to me, you are spreading yourself a bit thin!

Then again, what would I know:
.I have read three books.
.Did not retire young.
.Try not to trip over same rock twice.

Strange names for books those
Did not retire young.
Try not to trip over same rock twice.

 

[luutzu]

Often hear people raving about torrents but Ive never had a successful experience in getting what I want / expect and some websites disappearing.

When it disappear, google "what happen to ..."

the one in the info is pretty reliable.