Welcome to the Stock Tips Network Blog, hosted by ‘yours truly’ Gravitas, a 30-year veteran of the financial markets. While the theme of this blog will focus on ‘all things related to Financial Market Tips and Recommendations’, there is a serious risk I will deviate into other economic, social and financial market areas! All feedback is welcome in the Comments section below each Post and feel free to suggest any topics you would like me to cover.
I always admire a guy who talks about himself in the ‘third person’. On Sunday, I received an e-mail from a Mike Statler of StockTips.com which started off with ‘Statler here’. I’ve never met or spoken to the guy, but it’s nice that he feels he can be so casual in our communications.
On the 19th November, I wrote a piece here on the Stock Tips Network blog questioning the validity of the Efficient Market Hypothesis, specifically in relation to stock picks and share tips. In that article I highlighted a NASDAQ share called Pan Global Corp which was trading at 70 cents, but which I felt had a real valuation closer to 1 or 2 cents.
It was George Bernard Shaw who wrote: “Those who can, do; those who can't, teach.” It basically means that people who are able to do something well can do that thing for a living, while people who are not able to do anything that well make a living by teaching. (I don’t remember being taught that in school!)
On 30th July 2013, I wrote an article here on Stock Tips Network entitled ‘Right Diagnosis; Patient Died’, the theme of which centred on certain times in the financial markets where one’s analysis of a market price is perfectly accurate but substantial losses are incurred on the trade because the price of the asset does not (yet?) reflect what one’s analysis is saying. Very often this can be simply a matter of timing, and the price eventually reaches the level you expect it to reach, but this is no consolation if you don’t have deep enough pockets to ride out the price anomaly in the long run. And, we all know what John Maynard Keynes said about what happens to all of us in the long run.
On Monday, I wrote a piece about a NASDAQ quoted share called Pan Global Corp which has been heavily tipped by at least one US based stock picks services. A quick reminder of what I wrote – ‘The shares are trading at 35 cents each. This gives the company a market cap of $159 million. The most recent financial update for the company states that in the 3 months to end of June 2013 it had Total Revenues of $15,000 and Total Costs in excess of $100,000, but more importantly it has no Net Assets.’ I should have added that it has no immediately obvious Business Strategy or Intellectual Property either.