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| 13 Signs that tell you to sell. |
paraclete |
11/01/02 |
13 Signs that tell you to sell.
Borrowed and abridged from an article by Columnist Peirpont on May 24
In these troubled how do you know what stock to sell or not to buy?
First; dont to act on the recommendations of brokers (who notoriously are just trying to unload whatever junk they
e holding in their private accounts). Your instinct should be to unload what they are peddling the hardest.
If a company tested positive to any four of the 13 signs, sell the stock. If it tested positive to either number 4, 11 or 12 alone, run to the phone before the price drops further.
Here are the signs. Feel free to take notes.
(1)Does the chief executive have other board seats?
(2)Has the company made takeovers totalling more than $500 million in the past three years?
(3)Did the auditor grow up with the company?
(4)Do finance writers call the company chief executive (a) whiz-kid, (b) dynamo, (c) akeover king or (d) a breath of fresh air in the fusty old boardrooms?
(5)Does the company sponsor the Ballet? Or a minority political party with leftist leanings?
(6)Does the chairman speak at more than four seminars a year? Or insist on honours after his name?
(7)Did the share price rocket recently upon the announcement of a technological breakthrough?
(8)Has the company recently moved into a luxurious head office?
(9)Is the company installing a state-of-the-art computer system?
(10)Is the company diversifying into (a) wine, (b) media, (c) resources or (d) high tech?
(11)Has the chief executive been praised by finance writers for innovative methods of financing?
(12)Has the chief executive been involved in a previous corporate disaster?
(13)Does the chairman have a private sauna in his office?
If you really need some hard evidence to back this up recent history will fill in the blanks.
Do you have any more signs?
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