edddcarter
- 18 Jun 2004 22:46
I am Just a novice at all this and wandering what methods do people use when buying stock.Do people use TRENd is you friend strategy.Or if share is undervalued against its competitors or do people trade purly on technical analysis.I know there is no one best method or we would all be millionares.I just want to know what method best suites individuals
Harlosh
- 20 Jul 2004 11:18
- 36 of 36
I think there are two aspects to fundamental analysis.
1. Interpreting the data as described by Fundy
2. Interpreting how the market will interpret the data. (Lots of interpreting I'm afraid.)
For example, I bought SCS Upholstery (SUY) prior to a fantastic set of results and yet the market has virtually completely ignored the shares.
Maybe the market will one day wake up to them or they know something I don't. Either way my money could have been in something which was gonna make me money.
I suspect the majority of people on here haven't got trenchloads of money and are trying to build a decent sized pot with a number of (relatively) quick winners. Only by watching price action will they achieve that.
Fundamental analysis is only half the picture IMHO.