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beautifool
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Posted on 12-03-13 8:11
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@lopchandai and some others
What method do you use to find stocks that interest you? I normally use stock screener and use low P/E ratio (not more than 7) and price to book in the range of 0.2 to 0.7. All these small banks fall under this category. You can use google screener and play with it.
Recently, I have started using another method which is not based on screener but rather google alerts. If you read press release of different companies, most of them use the same language. So I thought why not put some of those "key words" and use google alerts. Here are some of the google alerts I've used..
1. "announces special dividend" - With this you'll receive in your gmail of all the companies that are paying special dividend. If you're the first to find this news, chances are you'll get the special dividend and make some % gain in a quick flip.
2. Shareholder equity increase - when you receive such an alert, chances are you're finding a good company. When shareholder equity increases, the company is doing what it is supposed to do. Make shareholders happy.
4. backlog increase - Normally a very good sign when backlog increases.
5. posted record profit - Same thing.
6. continued growth in adjusted earnings -
I've added few more alerts..
7. Receives FDA Approval
8. Receives FDA orphan-drug designation
Idea is to read PR of different companies and choose from those lines the key sentences that can be used by other companies as well who are performing well.
Few months ago, I bought 10 shares of a company called GNRC (Generac Holdings Inc) based on the google alert #6 I received. I knew nothing about the company other than it makes generators. I had bought it around 42 dollars and today it is 52 dollars. I still don't know anything much about the company but google alert did work. The alert came from their PR of earlier quarter.
If you use any interesting tools, please don't hesitate to share.
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urban khasi
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Posted on 12-03-13 8:45
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i would say to all of yours but i mostly use stock screener and google alerts! Yahoo finance i do love because it keeps track of everything regarding the company. but yes, news are great great help!
sometimes i try to pick sector then couple of hot stocks using P/E method and price
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beautifool
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Posted on 12-03-13 9:15
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Ok great UrbanKhasi..by the way..your name is too funny..haha. I eat a lot of khasi ko masu. Hope none are your 70 pustae relatives. Haha again.
Been able to make friendship with some of the people. It's a nice place and at the same time wild place. You have to know the people very well. Because some are just scams and dubious. It took me a while to figure out who's good and who's bad. But here are some boards I follow.
3. http://investorshub.advfn.com/Public-Offering-Hunters-26348/ - This board provides info on which company is offering stock to the public. Not IPO type. I'm very new to this but this is a very interesting board for finding short term values. You can read about the board information and go from there.
Also a member of seeking alpha but I don't like that website. Mostly for analysts I think. I don't follow yahoo message board at all.
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urban khasi
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Posted on 12-03-13 9:29
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yes investorshub is a great site but man its ones messed up< i always get confused while using it. I did trial subscribed investors.com. i think they charge you some 200 or so for year(not sure) but for two weeks i did take advantage , one thing for sure though, investing is great if you have a small team, sometimes i am hooked up with my computer for weeks , picking analyzing reading and doing all short of stuffs regarding stocks and i ended picking up good ones but sometimes you just give up because its mostly one brain working. So i am glad we are in Sajha at least getting some fresh air.
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anon
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Posted on 12-03-13 9:36
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I would say read the books on investing. There was a very nice book i read which was written by hedge fund manager of 1980's, name of the writer is not on top of my head as it has been few years. Invest in the companies that you think will grow or you think is undervalued as market will value it properly in longer term. Learn to interpret the financial statements and listen to the earnings call or study the transcripts. When a company meets all your criteria, then only buy the stock. P/e alone doesnt give you the picture of the company or where it is headed because past performance doesnt predict the future.
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beautifool
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Posted on 12-03-13 9:54
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@anon...thanks for sharing and you're very right. I've read all kinds of books. In my view, I'd suggest to start reading with Warren Buffett's shareholder's letter. It's like watching a comedy love story movie..
You may be talking about Peter Lynch or Seth Klarman or David Dremen or Joel Greenblatt
All of these books are either available at the public/school library or you can find them online. I'm into bank stocks because I read David Dremen book and he mentions about his team buying 30 bank stocks in the early 90's and selling all of them in the late 90's with the overall return of more than 500 %. 2 years ago, a bank in Michigan, with symbol OXBC was selling for less than 10 cents. Today it is selling for 6 dollars. I wish I read David Dremen's book few years ago. Better late than never. Some other books which are available at the library and which will help you to understand the macro view of the stock market.. 1. Lords of Finance by Laiquat Ahamed - This is an awesome book that tells you what happened in the world of central bankers between 1910 and 1945 2. The Prize by Daniel Yergin...Great book on how the oil industry works and how it has shaped the word.
All of these can be either found online or at your nearest public library.
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beautifool
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Posted on 12-03-13 10:05
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@urban..you're right..it's definitely a fresh air. Let's keep this going on a daily basis and share our picks..at the end of the day..Natives understand each other better than anyone else. I'm very hopeful that some of the undergrads pick this up and start asking all kinds of questions. Whenever I try to lure someone into investing, I get the regular answer..How can I start investing with 100 dollars. My answer - That is how you should start and not with 10 thousand dollars. You experiment first with prototype and then make big moves. People don't get and I understand but when you start with 10 thousand dollars, chances are..you'll lose a lot of money to learn.
https://www.youtube.com/watch?v=4gkJfpgl0c0&list=TL14sv8XM7JPn3n7y8Ypnis1Lsj7miyXLy
Last edited: 03-Dec-13 10:25 PM
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anon
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Posted on 12-03-13 10:38
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It was one up on wall streets by peter lynch i think that book is a goldmine
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beautifool
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Posted on 12-03-13 11:17
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