A site to recommend stocks not to buy 10 comments
(P.S: Sorry for any disturbances the advertisements above may have caused you)
There are so many sites in Singapore doing stock-picking for the average investor from the street. Broker analyst reports obviously suffer from a conflict of interest and their buy calls are hardly worth following. Sites operated by individuals push stocks that they have already bought so that they can sell into strength. Even subscription sites have their advertisers and sponsor companies' commercial interests to think about .
Rather than start another site picking stocks to buy, I thought it would be more interesting to pick those NOT to buy. Since I do not short stocks, I will not have the opportunity to succumb to the temptation of aligning my recommendations with my monetary interests.
This will also serve to guide small investors who might be swayed by the rising momentum of "hot stocks of the day". While I also believe in buying with the trend, it should be the earnings momentum that is important, and never the price momentum.
The site will be updated as and when I spot certain stocks that are worth highlighting as "not to buy". More focus to be put on active stocks.