Quote:
Originally Posted by speeder
There is absolutely no downside to revealing a hot stock pick. In fact, it's just the opposite...the more people who buy it, the more it goes up. It's the opposite of other investments in that way, such as buying apartment buildings in Topeka, KS., where you would want to be the only guy who knows about the opportunity.
This is the genesis of most professional investing advice in newsletters or things you pay for. The advisors may be legitimately trying to steer people into what they believe to be solid investments but they are also likely to hold positions in the same equities and are taking advantage of their position to pump said equities.
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Exactly, that's why Buffet routinely says I just bought... or I got out of... to get the price to go where he wants it.
Jim Cramer in his own words. FYI- research in Motion is Blackberry.