Re: OT Favorite stocks? (Ie Market stocks not rifle)
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jAXDIALATION</div><div class="ubbcode-body">Oh boy, what a load of simplistic baloney. Insiders buy and sell for a zillion reasons, just like anyone else. There are at least two organizations who routinely monitor and look for trades based upon inside information. Not just by CEOs, but their friends and relatives. The enforcement of these rules is at an all time high. And the pickings are pretty easy since all these activities are captured electronically.
Hint to OP, unless you have $$ to burn, don't under any circumstances believe that a group of people who are shooting enthusiasts have any special knowledge of what YOU should do with YOUR money. Get yourself informed.
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Richard II</div><div class="ubbcode-body">Another good tool is insider trading.
http://www.insider-monitor.com/
When a CEO makes a big purchase it means one of two things.
1)They know that the company is going to do really well and the stock is really cheap. No brainer purchase here.
2)The company is not doing well and the CEO makes the purchase to show others confidence in the company so that others will purchase. this requires evaluating the finances of the company.
3) it is hard to know what is truly happening 1) or 2).
Stocks are the best way to go if you know what you are doing, you don't mind taking the occasional loss, if you have money to lose, and you enjoy constantly tracking companies. ETFs and mutual funds are harder for me to evaluate. I am pretty sure USAGX has the best 10 year return...question is will it continue. </div></div> </div></div>
Actually if you read the book "Rule #1" you would know that insider trading is only ONE of 8 aspects used in the "Buy below sticker price".
I read the book twice already, in the past 3 days.
I ran numbers on about 12 stocks I had picked.
I put 5g on a set of stocks this morning that shows LONG TERM prospects based on past equity growth.
I made $15 today.
Multiply $15 by 200 market days, subtract an avrage for slow days....and I should be getting 22% back on my stock in the next year.
I'm also a techie and know of 3 companies that have SUPERB growth, just that their sticker price is too high right now so I am watching them.
Rule #1 is a MUST HAVE, must have book for anyone putting money into ANYTHING, not just the stock market.
Lucky for me I've always been a ruler #1 investor in guns, cars, and motorcycles.