A stock Popularly known as shares or equity is a type of security that signifies proportionate ownership in the issuing organization. Shares are bought and sold predominantly on stock exchange, though there can be private sales as well, and is the fo
SYSTEME DE CONTROLE DE GESTIONDescription complète
Descripción completa
PRCFull description
MANUAL DE INSTRUCCIONES PARA LAS REPARACIONES DE LOS MOTORES CNH U.K. 667TA/EEG -- 667TA/EEC -- 667TA/EBF -- 667TA/EEDDescripción completa
growth stocks and value stocksFull description
Brigham Test Bank: StocksFull description
doc
SAP Gestión de StocksFull description
audit des stocks pdfFull description
gestion des approvisionnements
Régularisation des stocksDescription complète
Contents Parti
The Search for a Successful Investment Strategy Chapter 1 Buy to Keep or Buy to Sell? The Concept of Growth The Cyclical Approach Evaluate the Political Climate Is Inst~utional Investment Strategy Changing? Stock-Price Cycles Reading the Long-Term Charts Being Wrong Can Be Painful The Disadvantages of the Buy-Sell-Buy Approach
3 4 5 7 9 10 11 15 16
Part II When Should You Buy Stocks? Chapter 2 Business Cycles
21
Chapter 3 Washington Policies
25
Economic Control Through Fiscal and Monetary Policies Follow the Political Cycle Inflationary Policies Economic Planning vs. Political Reality Federal Monetary Policy and Stock Prices Do Not Be Misled by Short-Term Monetary Trends
26 27 28 30 32 33
Chapter 4 The Political Cycles
35
The Biggest Boom and Bust, 1927-32
39
The Roosevelt Recovery and Recession, 1932-38 World War II and Immediate Postwar Cycle 1: 1949-53 Cycle 2: 1953-57 CycleS: 1957.00 Cycle 4: 1960-62 Cycle 5: 1962-66 Cycle 6: 1966-70 Cycle 7: 1970-74 CycleS: 1974Summary of the Stock-Price Cycslei
54 55 56
Chapter 5 Look for Low Risk
59
Buy During the Selling Climax Trade With the Market's Primary Trend
59
40 44 44 45 46 48 49 51
61
Part III lMlich Stocks Should You Buy? Chapter 6 Safety First
67
The Biggest Also Decline Price Trends of Income Stocks Most Stocks Are Price-Cyclical Buy for Large Capital Gains A Superb Company Does Not Necessarily Have a Superb Stock
67 68 71 72 72
Chapter 7 Superperformance Stocks: The Record
75
Features of Superperformance Price Action Superperformance and Company Earnings Superperformance and Company Size Superperformance and Subsequent Stock-Price Action Characteristics of Superperformance Stocks
77 77 79 80 81
Chapters Look for Price Volatility
83
Stock Prices Reflect the Law of Supply and Demand A Tale About Volatility and Timing Price Distortions by Stock Exchange Specialists Look for Rebounds Which Stocks Rebound? Emotional Selling and Trend Following Leverage The Dangers in Leverage Leverage in Low-Priced Stocks Leverage in Warrants
84 87 89 91 92 94 96 99 100 101
Chapter 9 Look for New Earning Power
105
Change and Stock Prices Change Resulting From Discoveries of Natural Resources Change in Government Policies Technological Change Growth-Stage Companies Mature Companies Use Caution When Selecting Growth Stocks Good Management Is Vital Turnaround Situations A Comparison of Two Growth Stocks Anticipate Growth Earnings Explosions Be Skeptical of Reported Earnings Reported Earnings Depend on Accounting Procedures Higher Earnings Are Usually Anticipated Earning Trends Affect Superperformance Price Action The Role Future Earnings Play in Stock Prices Evaluate Reported Earnings
Chapter 10 Look for Expandable PricelEamings Ratios
129
Psychology and Stock Prices Establishing Stock Values Problems in Establishing Values Market Price vs. Inherent Value Market Price VS. Dividends Estimating Price/Earnings Ratios The Influence of Price/Earnings Ratios The Ideal Situation
131 132 134 134 138 139 141 147
Chapter 11 Look for Good Sponsorship
149
An Example of Sponsorship Sponsorship by Institutional Investors Trend Following Spotting Trends The Sequence of Trend Following News, Publicity, and Stock Prices Buy Stocks You Understand
151 152 161 162
163 164 167
Part IV When Should You Sell? Chapter 12 The Timing Rhythm
171
The National Economy and Stock Market Declines Presidential Elections and the Stock Market Watch Out for Surprises To Hold or to Sell? Be Alert to Federal Policy Switches A Possible Exception The Pricing Rhythm A Big Problem for Investors: The Stock Exchange Specialists How Specialists Operate
173 174 176 178 179 180 182 183 184
Do Call Options Depress Stock Prices? Remember the Political Cycle Declines in Individual Stocks vs. Declines in the Stock Market Watch for the Warning Signals Chapter 13 Selling Short Timing a Short Sale The Ideal Time to Sell Short Patterns of Boom and Bust in Real Estate Profitable Short-Sale Opportunities Have Been Numerous Select Short Sales Systematically Short Selling by Professionals Covering Short Sales
185 185 187 188 191 192 193 194 196 197 200 203
PartV The Strategy for Success Chapter 14 Sources of Information and Ideas
207
Publications to Review Regularly Learn to Recognize the Cycles Look for Potential Price Movement Individual Judgment Is Crucial for Success
207 211 214 214
Chapter 15 Points to Remember
217
When to Buy Stocks What Stocks to Buy When to Sell Stocks
218 219 220
Appendix A: Superperformance Stocks, 1962-74
223
Appendix B: Superperformance Stocks, October 1974-0ctober 1976
137
Charts
1. 2. 3. 4. 5. 6. 7. 8.
Presidential Elections and Stock Prices Ford Motor Metromedia Federal Budget Deficits and Surpluses Durations of Stock Price Cycles United Financial Corporation of California Dow Jones Utility Average American Telephone and Telegraph
9.S~line
10. General Motors 11. Jack Eckerd Corp. 12. Natomas 13. Trans World Airlines 14. Holiday Inns 15. Gulf & Western Industries 16. Vetco Off shore Industries 17. Bausch& Lomb 18. The S-CulVe in the Dow Jones Indusb"ial Average 19. Chrysler 20. Polaroid 21. Kresge 22. Syntex 23. McDonald's 24. International Flavors and Fragrances 25. International Business Machines 26. Du Pont E. I. de Nemours
