The problem you’ve got if you’re trying to beat the market by picking stocks it that you are disagreeing with the Efficient Markets Hypothesis, which basically says that all stocks are fairly priced taking all relevant information into account.
So in Wally’s example above, he’s buying Cineworld in anticipation of reopening - I’d argue this was already factored into the price and he’s just happened to fluke a win by accidentally timing it just before a price sensitive bit of news came out in his favour.
But hey, maybe i’m just sore cos I’m not smart enough to pull this shit off right? If you think you can do it easily and it’s free money or relatively risk free, good luck to you - just don’t be the guy that tells us about all his easy wins after the event and doesn’t mention the bad trades. Put your money where your mouth is, tell us what you’re buying now, your rationale, what you paid for it and let’s see where you are in a week or a month from now.
The S&P is hitting all time highs, Covid is still rife and in my view the outlook for consumers and businesses is very poor - I would be short equities right now ( i think markets are going down in the near-term). If you can make money going long equities in this market, i take my hat off to you!
