The thing is this is a forum and the majority of people on here have an opinion. Anyone can say it's going to go up or its going to go down. You have a 50% chance of being correct. This is where we as share holders need to look at the company they intend to invest in.
Don't rely solely on 'good advice'
A smart investor should never invest buy shares of companies he doesn't know much about. Relying on 'advice' from friends or forums is not always a great idea. Do some groundwork yourself.
It doesn't matter who is buying the stock or who is recommending it. Steer clear of such ways of making a fast dollar. These tips will land you with a big loss.
When you hear of a 'hot tip', dig further.
Take a look at the company's profit and loss statement, which would have been audited by chartered accountants. There is a wealth of information here. To understand the information in a Profit & Loss Account,.
Do some basic calculations on your own. The Earnings Per Share (net profit/ number of shares) and Price/Earnings ratio (market price/ EPS) should give you a fair understanding.
MPJ Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
