Exactly, the market is controlled. Those who has first hand information makes the first dough.
Like what I said in a few days ago... UUU went up from $3 to $3.32.... because someone told me that a few banks are monitoring this symbol a lot lately.
I've seen a lot of TV shows where some individual investors claim to be students of Warren Buffett. They follow his "value" approach very closely. This is pretty funny if you really think about it. Buffett does not make money because of his value approach. Rather, it's because of his reputation (hence a herding effect) and the amount of insider information and deals he's able to get (10% preferred dividends from GS).
In essence, the so-called fundamental analysis is pretty meaningless unless you can give the CEO a ring and get him to talk to you immediately. People with no insider information pore over financial statements for hours but they completely forget the Efficient Market Hypothesis. I don't agree with the Hypothesis most of the time, but when it comes to things like financial statements, there's no way someone like us can gain an edge over other investors.
Investing in stock is better than leaving it in the bank earning close to nothing on interests. I just made $300 for investing USD$2k in AAV, taks less than 2 months. (I know.. I should not buy USD with CAD... too bad I did). With $2k in the bank, I don't even make $100 on interests alone.
To me, investing needs a strategy and a lot of researches. Before throwing your money in there, know how much risk you can take. Always have a back-up plan so you don't flip out when the stocks tank.
For starters, spend more time in the TSX Venture exchange, stocks there are quite cheap and managable.
發表於 2010-1-4 12:24
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