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9 of 9 people found the following review helpful:
5.0 out of 5 stars
Entertaining Fictional Introduction to Stock Trading, January 25, 2005
This review is from: The Perfect Stock: How A 7000% Move Was Set-up, Started And Finished In An Astonishing 52 Weeks (Paperback)
The Perfect Stock is a fine complement for any of the good introductory books about becoming a stock investor, such as How to Buy Stocks and Common Sense about Mutual Funds. Mr. Koteshwar has built an entertaining story around the rise and fall of Taser's stock through early 2004. In the story, his protagonist is a freelance stock analyst who is hired to check our Taser just before the stock tops out. In real life, Mr. Koteshwar's investment newsletter called the top to the day so we can assume that some aspects of the book are semi-autobiographical. Through the course of the novel, you will learn how a bubble is built and burst on a given small stock. He provides perspectives on the founders, the investment bankers, the pool players who run the stock, hedge funds who play the run, and the little guys and gals who get taken to the cleaners. From this perspective, you will learn many important lessons about how speculators profit from momentum (stocks that are rising rapidly on increasing volume) plays and what to watch out for. I especially liked the way that the book described the trading strategies and profits of those who played Taser from different perspectives. Although this is not an investment guide per se, unless you ignore the lessons in the book you cannot help but become better informed about how to evaluate a momentum play . . . and to protect you from making major mistakes. The methods involved are ones that I have known many successful investors to use . . . and the failed efforts are ones that I have heard many stock brokers describe as the failings of some of their clients. Where are the clients' yachts?
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8 of 8 people found the following review helpful:
4.0 out of 5 stars
One of the easiest ways to get a basic grip on stock trading, December 27, 2004
This review is from: The Perfect Stock: How A 7000% Move Was Set-up, Started And Finished In An Astonishing 52 Weeks (Paperback)
There are plenty of technical books for the stock investor on the market today. This one takes a totally different approach for teaching the basics of stock investing and how the market moves by following the characters in a fictional novel. By reading the various actions they take, the reasoning behind those actions, and the how they adapt to changes the reader comes to understand the basics of the stock market. If you are not a technically inclined person and don't want to get bogged down in trend analysis, price/earnings ratios, or other more complex methods of explaining the market then this book is a great way to get a handle on what goes on. If you want insight into how Wall Street works for both the insiders who understand it and the outsiders who don't then The Perfect Stock is an easy and illuminating read.
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5 of 5 people found the following review helpful:
5.0 out of 5 stars
An Insider's Insights Within a Business Narrative, July 8, 2005
This review is from: The Perfect Stock: How A 7000% Move Was Set-up, Started And Finished In An Astonishing 52 Weeks (Paperback)
In recent years, there have been several books published which focus on what is generally referred to as "the business narrative." They include Annette Simmons' The Story Factor and three written by Stephen Denning: The Springboard, Squirrel, Inc., and The Leader's Guide to Storytelling. I mention this because Koteshwar uses narrative to examine a number of real-world situations with devices normally employed by fiction writers. In this volume, we have no mice searching for relocated cheese or squirrels quarreling over strategy and positioning. Rather, Koteshwar shares with his reader various lessons which can be learned from successful and (especially) from unsuccessful investments in the stock market. Others are better qualified than I to comment on Koteshwar's expertise. I shall limit my attention to what I found of greatest value. First, Koteshwar makes a convincing case for having patience, either when trading stocks or when tracking those another has purchased for you. Also, he leaves little doubt that trading requires far more attention (e.g. research) than many investors are willing and/or able to commit. For that reason, the selection of a broker seems at least as important as the selection of a given stock in which to invest. However, Kateshwar helps investors such as I to understand the rules of what really is an immensely complicated "game." Scores are kept. There are winners and losers. Timing and luck are often key factors. That said, it is highly desirable to understand the "rules" of stock trading, either when selecting investments or collaborating which an intermediary. Also, Kateshwar disabused me of my tendency to think of "Wall Street" as a location where financial "wizards" resemble medieval alchemists who convert "base metals into gold." Finally, Kateshwar helped me to understand that there is no "perfect" stock. However, if selected with meticulous care, there is for almost any investor a stock (or stocks) most appropriate to that investor's specific circumstances, resources, timetable, and ultimate objective(s). Invoking athletic metaphors, I presume to suggest that some investors are sprinters, others are milers, and still others are marathoners. The shorter the course, the greater the rewards...and yes, the risks. To me, the compelling value of Kateshwar's book is derived from his behind-the-scenes insights into the investment process. His business narrative is by no means riveting but consistently informative. No mean feat.
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