Q: Hi Guys,
This is a RANT! NLN is the last straw for me.
I believe the small investor has NO chance in the market.
I own approximately 40 stocks. I follow all of these stocks on a daily basis reviewing 3 different news feeds, I have alerts set up on all of them and I go to their web sites when something happens to the stock price.
NLN released quarterly results on Monday. They weren’t great but not terrible. When I looked at the stock price it was down 40%. I couldn’t believe this was due to the results. I checked all my news feeds, googled the company, went to the company web site, sent you a question ….. nothing, except the quarterly report. For the fun of it, I tried Stockhouse forums. Low and behold, the company is losing the NHL as a revenue source. How is it possible that there is no news item or a notice from the company on such an important issue? How did the forum people get this information? Why is it not released to everyone at the same time? The news flow is FIXED!
I have decided to sell all my small and mid-cap stocks and not invest in this area again. In addition, I will reduce the investment in each individual stock. ETF’s here I come!
The only good thing for me with NLN is that it was a "fun" stock and I did not lose much.
Regards
John
This is a RANT! NLN is the last straw for me.
I believe the small investor has NO chance in the market.
I own approximately 40 stocks. I follow all of these stocks on a daily basis reviewing 3 different news feeds, I have alerts set up on all of them and I go to their web sites when something happens to the stock price.
NLN released quarterly results on Monday. They weren’t great but not terrible. When I looked at the stock price it was down 40%. I couldn’t believe this was due to the results. I checked all my news feeds, googled the company, went to the company web site, sent you a question ….. nothing, except the quarterly report. For the fun of it, I tried Stockhouse forums. Low and behold, the company is losing the NHL as a revenue source. How is it possible that there is no news item or a notice from the company on such an important issue? How did the forum people get this information? Why is it not released to everyone at the same time? The news flow is FIXED!
I have decided to sell all my small and mid-cap stocks and not invest in this area again. In addition, I will reduce the investment in each individual stock. ETF’s here I come!
The only good thing for me with NLN is that it was a "fun" stock and I did not lose much.
Regards
John