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

  1. pintohoo

    23,232 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


    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.

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