Earlier remarks about doing your own research can't be emphasized often enough. Any would be investor who buys on an analyst's upbeat notion is taking a huge risk. IMHP those "buy" recommendations are at least 50% tainted by the heavy inventory of the recommender looking to cause a burp up so his firm can get out. It also gives the house's sales men, the brokers, something to talk about...so and so is moving...let's buy it now and take our cut later.No such thing as "let's"...the broker isn't buying, he's selling. For the novices reading this, take a good hard look at what the underwriters have done to CYMI. They got theirs,...at the expense of retail buyers...There are many, many good opportunities in this or any other market. You CAN outsmart the pros.Set some standards for yourself about what your maximum risk will be, and start looking for stocks that are below that level. They're there...every damn day, they're there. Before I buy a stock, I already have an automatic exit point which I write down. If it doesn't get there in the term I feel it should, I'm out. If it does, I'm out. And after I've bought one, I always start an immediate search for the next.And it never fails, I find more than one. Might take a week, might take two, but I find them in due course. You can too. Just NEVER listen to analysts. NEVER.
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