1. Most Discussed
  2. Gainers & Losers

On basic scanning - very... 29/01/2017, 22193120

  1. pintohoo

    17,382 posts.
    On basic scanning - very hard to beat stockdoctor for FA -

    I use my own software for growth companies -

    but, then after that - when you find targets that you are as happy as you can get with remotely - there is only one source that is the purest and best ------------- the companies themselves.

    One can't realistically do it for large companies - god knows no one in those companies knows the story themselves - they are just too large and complex for anyone to know (including CEOs and Chairmen - they only get the BS from below generally) - (I put an overrider on that - there is the odd CEO who walks the floors every day or every week - they are as rare as hens teeth)

    but, medium to micro ---------------- you visit and meet - and use your own senses.


    If they won't meet you -------------------- then, you don't want to be in anyway.

    I have met with many companies - some I have not invested in - many I have a small holding in before I meet - but, go no further. A few I have kept on watch because I think they are worth watching and waiting - and it is good to have the prior contacts for when one is ready.

    Then, there are those very very very few that I am in for growth ------- and, I keep in touch regularly - one can call it ongoing analysis - keeping the finger on the pulse.


    If you don't care about who runs your money - you don't have to do this - but, I do - and, I believe that there is no one who is going to look after my investments better than me.


    We must never forget that we are part business owners - we are NOT silent partners - we own the bloody things - and, we have a right to know what is going on and how the business is progressing - and, there is always a lot more information available than one sees in the asx anns.

    It really is that simple.

    If one has 20 or 40 stocks in one's portfolio - then, IMO - it is impossible to be across that number - unless one has a monster of a portfolio (high 10's to 100's of millions) - in which case one would have ones own team to keep fingers on pulses - but, for most of us - that is not the case.

    To keep up intimately with one single company - takes a lot of time and effort - half a dozen is a full time stretch

    thankfully - there are very few good ones anyway - like gems in a bucket of gravel.


    have a great day

    Pinto


    ps - if you want a mechanism for meeting - buy a small amount of stock - ring them up and ask to visit, tell them you want to buy more, but you won't until you get a better feel - it almost always works - and, --------- unless you are a very perceptive male -------- for gods sake take a woman with you who is sensitive and can read people - and, if she tells you she doesn't like something - for heavens sake listen.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top