I say it over and over again and I cant stress it enough ...... Do the Due Diligence and reap the rewards.
I believe that a prepared investor is an informed one. Gone are the days of relying solely on the buy, sell, and hold recommendations. Now a days you have to dig even deeper than ever before. Promotional ads designed to get your attention are more glamorous and dream laced in order to suck you in. While they can be useful in helping you find investment opportunities, often they become traps built on hype and speculation rather than good information that can help guide you in your investment decisions.
With so many resources available to us via the internet, all it takes is a little time and a little digging for us to build an investment profile for any publicly traded company on our own.
One helpful tool I have found is http://insidercow.com/. If you put the ticker in the search box you can
see all of the insider trade information. I use this information to help decipher if the company is investing in itself or just liquidating and diluting itself to get cash. I look at it this way.... If they are willing to invest in themselves as a company then maybe they are worthy of my money.
In addition to insider deals I also look at the financials of the company to see what kind of revenues they have and if they even have any products at all. Remember, just because its a symbol traded on the markets doesn't mean its a company at all.
Search http://newsletter.hotstocked.com/stocks to see if the particular company has been recently promoted as this can explain any fluctuations in volume and price.
These are are just a couple of the tools I use to dig deeper than the surface into a company. Ill touch on more in later posts.
Have an awesome day and remember..... Ride Hard or Stay Home
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