1. I lost alot of money listening to brokers. 2. I lost alot of money listening to Fin Planners 3. Unless Im a Packer or multi millionaire I have about .0001% priority from ANY broker for "real" solid advice. I reckon i get the same value from a broker as what Id get watching Your Money Your Call. 4. Ive got Buckely's chance of reading the P&L's of some ASX company and REALLY know whats going on (see BNB, ABC learning etc) 5. If I just bought stocks like BHP and held for a year Id be up 20% or so.
So, Ive recovered quite abit of my losses by taking control of my own stocks (sorts out points 1, 2 & 3) and using basic TA, and reading TA's poster comments (ie Rob, BNH, Selmax, Sharks) Ive made very good money.
For me TA gives me a better edge than reading the paper, talking to a broker or watching CNBC. Most of my friends that do those things have lost alot of $$$.
I dont give a WILLY re reports. I dont think reports made IPL go from $2.80 to %3.83 in a month or two - its support & resistance.
Reports help (see u FLT this week ..woohoo) but are only one small factor in affecting share price.
As for "inane chorus of how good BLY is" ....mate:
If u stop reading the BLY thread & read some others....u will see the "inane chorus" on some 1700 out of 1900 ASX stock threads!!!!!!
BLY Price at posting:
$3.70 Sentiment: Buy Disclosure: Held
