churn churn churn..., page-9

roycehg...

You have hit the nail on the head...I will expand on it.

Outsmarting the market is one of the most satisfying things one can do...if of course one has chosen this as a career.

This is especially the case given the way the "suits" have pretty much got the market on a string...to the extend it is nearly impossible for "outsiders" to make serious money from it...unless of course the conform to the "buy this" or "sell that" subscriber base!

In my view however, beating the markets is not about making money, nor acting on a tip, or buying via brokers recommendations, or even managing to simply luck-out on a decent runner...which we all do from time to time...such "successes" are shallow for me.

The most satisfying results in my view are when we find a good "speccie" before we are supposed to...or maybe even when we are not supposed to...and not do so by guessing, or simply happening to be in the right place at the right time, or already in the stock by default, but by doing serious research, market assessments, fundamental and technical analysis and commissioning all ones skills to make a determination of likely events from information in the public domain...and do so all by ones self!

Then of course having the conviction to act on it with your hard earned, without reference to others, or getting the "nod" from those who know!

I put to you that most people who buy seriously large lumps of speccie stocks do not do so purely based on their own views...they are more likely to do so based on advice, both legitimate and perhaps not so, from all manner of people.

But...when such assessments are based on nothing but your own homework, without any reference what-so-ever to others...well, suffice to say the satisfaction of picking a good one has no equal.

I am a great believer that it is not what you do that matters, but how you do it!

In light of this, I find it unusual when people use the term "Johnny come lately"...because they clearly do not understand what "transitional plays" are about, which of course is exactly the sort of thing I am looking for.

Until something actually "changes" about a company, "transitional value" simply does not exist...as such, anyone holding shares in a company going nowhere must sort of be retarded or something? If however they know something the rest of the market does not and are holding for this reason...well...then clearly they are not holding shares based on legitimate research?

If there is something going on, it should have been announced by the company...and if you are holding because you have been told to "hang on"...again, you are not doing so based on your own assessment!

For me, recognising potential value early is the key...by default however, this approach generally means not being in the stock prior to the said "changes" taking place...you typically need to endure many fruitless months and at times years, of watching your shares go nowhere to be able to do this?

In my view, it is far better to be a "Johnny come lately" than a "Geri of the atric" sitting in a stock doing nothing, waiting for rigor mortis to set in.

Having said that however, I am a firm believer in supporting certain stocks as a loyal shareholder and supporter...this in my view however is about more than making money, it is about making something...rewarding of itself in different ways!

Anyway...just thought I might share my thoughts with the forum, as I fear some people concentrate too much on the money side of things!

Cheers!