"As a trading tool, price always wins. Sure price is noisy, it...

"As a trading tool, price always wins. Sure price is noisy, it may undershoot or overshoot, but in terms of guessing the big direction, it's far more time efficient and effective compared to valuation models."

inside information is probably the best

I prefer to do my own forecasting based on something substantial like a knowledge of the actual business eg competition, nature of the product and financials eg ROE, growth in earnings

I like to use the same calculations used by analysts

I then like to match my calculations with theirs to see if I am on track

Finally as back up I use charts

Unfortunately this method doesn't work and I wouldn't recommend it to anyone

However it worked with macquarie though

I studied how the company used debt as well as the various revenue streams and knew they were going to produce a profit.