Re: Bought 250,000 shares did I screw myself?
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How did you get started, and do you have any recommended reading/websites?
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Read Ben Graham and books on Warren Buffett. Read Buffett's shareholder letters (available on berkshirehathaway.com).
Basically I'm looking for value, stocks trading well below their actual intrinsic value. I find many more in the microcrap area than in bigger caps. Sometimes they trade at less than the actual net cash on their balance sheet, sometimes they are good companies, only trading at a 5 or 7 PE ratio.
But there is also many that are worthless, hyped, frauds. I spend a great deal of time reading SEC filings and calibrating my BS meter. My experience is the usual internet specialists in microcap stocks are typically untrustworthy stock promoters.
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