time to pull the plug on shares?, page-24

The biggest mistake you can make on the stock market in Australia is to not focus on a companies profits and balance sheet.If you know the figures like the back of your hand it won't matter what all the bots and who ever else are doing you will know value when you see it.What has actually happened in Australia is that the market has focused too much on all this speculative mining instead of traditional businesses doing essential items at a profit.It is no secret that because everyone is going to the wrong place has left the companies in the right place just waiting for someone to buy the shares.