HI
@crabbe21...always good to see you, mate.
Hi
@nihilism,
"Copying and pasting highlights of the quarterly isn't real due diligence Neil."Interesting comment....Why are facts not important? The tag you call me on is to a post that has a mix of facts with a stated source and I add an opinion. Post #:
46724651I have never regretted losing money on gathering facts (real DD), knowing that I did my best to source all relevant information, as compared to my early days when I made financial decisions based on opinions from something I read or an emotional decision, where I disregarded my research completely.
Posting facts with an opinion and making sure you mention where you sourced the material is actually good DD. It actually goes to the heart of what makes up good research and due diligence as long as you reference the source and consider multiple sources, which I do.
- Earnest and persistent application to an undertaking; steady effort; assiduity.
- Attentive care; heedfulness. https://www.yourdictionary.com/diligence
Nihilism, as I mentioned to another poster about comparison posts. If you are looking at the true picture of a company (public) for mid/long term investment, which I am, then it is beholding upon the investor to ensure that when you do your research (DD) that you include company information (reports), external factors affecting the business (market/shorting or long positions, supply/demand - sales, climatic - agriculture), performance of its nearest competitors and any external factors which might be impacting or affecting a whole sector. I don't think that you would argue or disagree that both the Australian and International Cannabis indices have been in a steady downward trend for the past 18 months now.
DD for Swing, or short term traders, on the other hand, may not be of interest to these investors. Many ST's are just not interested in spending time pouring through company reports. Time, trade sentiment and opportunity, IMO is all they need for their DD.
DD on HC, an anonymous forum, IMO, is difficult for the most part, and will most likely be either relative or subjective and on the rare occasion it can be objective. Objective DD should be able to match with company information though, and sometimes, as I have seen, it will be at odds with market sentiment.
Would you not agree?
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