21 Oct

The frustrations of trading

Money is made by anticipating future events before other market participants. This is not easy: the consensus is usually fairly accurate.

Stock of the day: Destination XL Group ($DXLG)

This was recommended by The Alpha Letter. Neither the author nor I are financial advisers, so do your own research. It’s a tiny stock, so it’s easily manipulated. It has just come out of bankruptcy, so it’s definitely not for the faint-hearted. It’s bricks and mortar retail, which makes it even less attractive, but at some point it’s a “cigar butt with a few good puffs left in it.” I haven’t even looked at the cashflow. I note it here more as a reminder to myself to revisit it than in any sense a recommendation.