100 best things: subsection finance

5178 Views 9 Replies 5 Participants Last post by humble_pie, Jun 29, 2009

humble_pie

Discussion Starter · Jun 27, 2009

on my list of 100 best things:

- out in front of the finance section: bnn videos. There's nothing else like it in north America. All the best, the brightest, the tomorrow's news latest, the smartest, the most famous, the most conservative, the most buccaneering, the most astute, the less astute and the most talked-about commentators parade in rotation before a hardworking review stand of canada's top broadcast business journalists. As retail investors, we wouldn't normally get to rub shoulders with these analysts and CEOs. It's almost eerie that mom and pop can phone or email their personal investment questions and receive - nearly always - better answers than they're likely to obtain from the majority of paid advisors. The fact that the expert opinions frequently clash is a big bonus. Markets clash, and so do the pundits.

- i couldn't trade, now, without the vast array of new td waterhouse web research tools. Funny that somehow i survived for years without these in the past. The older research was already good, but this new wow stuff is something else again.

- the best short little book on options is free @ the montreal stock exchange, even though they have tried hard to keep this easy-to-read jewel buried out of sight. On m-x.ca, click publications, guides & strategies, scroll down to equity derivatives, click equity options reference manual. In 50 nifty pages, you'll go from novice to greeks-in-algebra.

- i don't yet know canadian money forum well enough to have an opinion. Certainly a lot of expert insights here into ETFs and taxation implications of US investments. But dudes, what do you do for fun.

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FinancialJungle

· #2 · Jun 27, 2009

Interestingly, here're the top picks performance of the last 10 BNN Market Call shows:

-18%
-33%
-61%
-48%
+42%
-67%
-29%
-58%
-51%
-46%
Experts' Average = -41%

TSX Total Return = -27%

Only 2 out of 10 beat the average.

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canadianbanks

· #3 · Jun 27, 2009

humble_pie said:
- the best short little book on options is free @ the montreal stock exchange, even though they have tried hard to keep this easy-to-read jewel buried out of sight. On m-x.ca, click publications, guides & strategies, scroll down to equity derivatives, click equity options reference manual. In 50 nifty pages, you'll go from novice to greeks-in-algebra.

I'll try that right away

. Thanks for the link!

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humble_pie

Discussion Starter · #4 · Jun 28, 2009

jungle, did i say they were right. No, i said opinions clash. And i don't mean the top picks because these are not only a tiny fraction of the video minutes but probably also the least interesting. It's the presiding over 12 hours of chaos, confusion and conflicting opinion, all in an appealing low-key style that you never see in the US, that gives bnn its value.

but to focus on your numbers a little more closely. Would you mind clarifying. You say the past 10 days. You can't be including friday june 26 because the friday proof isn't in the pudding yet. So you must mean the 10 trading days from thursday june 11 through thursday june 25.

where did your numbers come from. It's hard to believe anybody is spending the time to work the top picks of those 10 trading days into a homemade spread sheet which by 4 pm on friday june 26 had produced the drops in numbers that you are displaying. Such a study is so short-term as to be meaningless. Plus your total figures look a little extreme to me, for the 10-day period you indicate.

i don't look to anything for divine guidance. Not to bnn. Not even to cmf. What i appreciate are the tiny clues, the whiffs of sweetgrass smoke in the bonfires.

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furgy

· #5 · Jun 28, 2009

FinancialJungle said:
Interestingly, here're the top picks performance of the last 10 BNN Market Call shows:

-18%
-33%
-61%
-48%
+42%
-67%
-29%
-58%
-51%
-46%
Experts' Average = -41%

TSX Total Return = -27%

Only 2 out of 10 beat the average.

I would like to know where you got those numbers too.

Is that the last ten guests 3 new top picks averaged to today?

Or is it their past picks that were their top picks on their previous appearances , they usually look at the performance of the past picks before making a new top pick on each show.

Also is that Market call or Market call tonight , two seperate shows isn't it?

I find the shows very interesting myself , and I have bought stock on some of the guests analysis , none of them have done anything for me , yet.

The one thing I find annoying with BNN is the way the reporters always seem to want to give their opinion of the markets , I would prefer if they just asked questions and reported the facts , I don't want to know what their opinion is everyday.

Everytime the markets make big gains most of them seem to be of the opinion that it is too optimistic and cannot last , they make sure to state this over and over all day.

Why bring everyone down spreading doom and gloom , just the facts please , you work for BNN as a reporter , not an analyst.

That is something that the people at Bloomberg TV seem to be better at than BNN.

Also that big banner at the right of the screen , I used to leave BNN on most of the day , but I found that the letters BNN were becoming permanently etched into my big screen plasma tv , another thing that doesn't happen with Bloomberg , as a result I watch the US station a lot more and just check in on BNN occasionally.

I have complained to them many times about this but never got a response.

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takingprofits

· #6 · Jun 28, 2009

Just a comment on the "Market Watch" shows from my own observations. The vast majority of the picks are selected based on their fundamentals and that is not the way to pick stocks for short time frames. Most of the picks will go down before they will go up as they did with FinancialJungle's survey. The ones that go up are usually at the end of their run.

The the way to use the picks is to check the technicals before buying. You will find very few that should be bought at the time they are recommended. They may be good to buy down the road though.

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FinancialJungle

· #7 · Jun 28, 2009 (Edited)

I just realized how easily my previous post could've been misintepreted. These are not performance on the most recent top 3 picks, but the top 3 picks from about a year ago.

To retrace my steps:
1. I went to bnn.ca.
2. Clicked TV Clips >> Video Library >> Market Calls >> June 2009
3. The experts' old picks are revealed at the beginning of each show.
4. I simply averaged the numbers from the previous 10 shows.

TakingProfits, one of the guests (Jeff Parent) is a technical analyst, and his average return was -48.69%. But the show claimed it would've been -9% had you taken the stoploss, but I don't buy that. I'm not sure when the stoploss would've kicked in, but assuming investors reinvested the proceed following the same TA technique, the extrapolated return would've been worse than -9%. By how much, I don't know.

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takingprofits

· #8 · Jun 28, 2009

FinancialJungle said:
4. I simply averaged the numbers from the previous 10 shows.

TakingProfits, one of the guests (Jeff Parent) is a technical analyst, and his average return was -48.69%. But the show claimed it would've been -9% had you taken the stoploss, but I don't buy that. I'm not sure when the stoploss would've kicked in, but assuming investors reinvested the proceed following the same TA technique, the extrapolated return would've been worse than -9%. By how much, I don't know.

The -48% return is from his picks from one year ago - before the crash - not the returns from his picks June 23, correct? Looking at his recent picks, he sure was not picking those based on short term technicals - he may have been using chart patterns for longer term returns.

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FinancialJungle

· #9 · Jun 28, 2009

takingprofits said:
The -48% return is from his picks from one year ago - before the crash - not the returns from his picks June 23, correct? Looking at his recent picks, he sure was not picking those based on short term technicals - he may have been using chart patterns for longer term returns.

That's correct! BNN tries their best to find the past apprearence closest to a year ago. In Jeff Parent's case, the title bar shows July 30th, 2008 at around the 14 second mark into the clip.

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humble_pie

Discussion Starter · #10 · Jun 29, 2009

dudes. What else is good 4 U.

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