What kinds of news or information have you found to seem to drive up the cost of a stock and what sources of t
December 29th, 2008
skahhh asked:
hat news have you found to be the most effective, most available sources?
Taylor
hat news have you found to be the most effective, most available sources?
Taylor
The “talking head” on TV and radio (example Jim Cramer and Bob Brinker) have been known to drive up the next business days cost of a stock, too late for wakeup late me to profit from. Most effective sources for me are sources not usually read by investors (forget Money, Smart Money, Kiplingers, Forbes, Barrons, WSJ and all the investing press). I look for small stories buried deep in the inside pages of things like Aviation Week and Space Technology, trade journals, Popular Science, newspapers. A couple months ago, I think it was the Sunday Auto section of my local newspaper had a story about if electric cars can ever make a comeback. There was a line or two about a private company in California now making electric pickup trucks for fleets that go 100+ miles per charge and the batteries can be recharged in 10 minutes. Then somewhere else is a story about nanotechnology, and a company in Colorado is working on a battery for a Calif. auto manufacturer that will soon sell their electric pickup trucks to the public. I bought the public battery company at $2.94, now it is around $3.49 and the trucks are not being sold to the public until next year. Then battery demand should rise, and hopefully the stock price also. (PS: I don’t want yahoo to consider this spam for the battery company so mum is the word. Do you own research.)