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Re: Zorax post# 123340

Friday, 10/15/2010 1:54:25 AM

Friday, October 15, 2010 1:54:25 AM

Post# of 131532
There's a big difference between Due Diligence and Mind Reading.

If you don't know what Due Diligence is, let me explain. It's another way of saying research or homework.

The parallel here is that, I could only do my homework after the teacher assigned it. Much the same with stocks, you can only do your DD(Research, Homework) after the company releases information. Once it's released, then you follow up by picking up a phone, emailing, researching SEC and FINRA regulations, looking for companies that did similiar actions so that you know what to expect.

Making money in the market is WORK not simply buying a stock and waiting for the company, broker or whoever else to provide you with all the information you need. Those that sit back and wait for everything to be handed to them are soon out of money and out of the market. They are followers.

I worked hard for the money I choose to invest and therefore am Diligent about my investments. He doesn't mean that I'm always right or that unforeseen circumstances will occur. But the one thing I am able to say is that I only have myself to blame if I make a wrong move.



Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.



Will Rodgers