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- Hardcover: 304 pages ;
Dimensions (in inches): 1.02 x 9.48 x 6.32
- Publisher: HarperBusiness;
(March 18, 2003)
- ISBN: 0060099682
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Book
Description
Beat the Pros at Their Own Game
All too often, you learn about good stocks far too late to
profit from the information. By the time you actually buy a
stock, professional investors have already been there, bought
the stock, driven up the price, and are just waiting to unload
it at an inflated price.
All That's About to Change. . . .
In Ahead of the Market, Mitch Zacks shows investors
how they can spot stocks that are poised to take off long before
the rest of the crowd learns about them. How? By unlocking the
gems of priceless information buried in Wall Street's often
self-serving research.
Ahead of the Market is the first book, ever, that
enables you to profitably use the analyst stock research for
which Wall Street firms pay more than one billion dollars
annually. Many investors have rightly felt misled in the past by
analysts who continued to hype stocks as prices plummeted. You
may have even concluded that Wall Street research is totally
worthless. But it's not.
In Ahead of the Market, Mitch Zacks shows that
analysts actually provide a wealth of market-moving information
that can generate exceptional returns if interpreted
correctly.The key is to use the research produced by Wall Street
analysts the same way the professional money managers do.
Pioneered by the firm Zacks Investment Research and based
on more than twenty years of intensive analysis, the investment
strategies revealed in this book are indeed the same ones used
by successful professional investors everywhere.
In these pages you will learn how to form an investment
plan by locating stocks that are poised for price appreciation
and avoiding stocks heading for a fall. Zacks shows how you
could have prevented being burned when the recent bubble burst,
if you had known how to use analyst research correctly and
teaches you the rules of the research game so you will not fall
victim the next time around.
In sum, this book is your guide to picking the right stock
at the right time.
Mitch Zacks's groundbreaking research provides new
insights and new strategies to:
- Use revisions to analysts' earnings estimates to
predict the rise and fall of stock prices
- Interpret the real meaning behind analysts' stock
recommendations
- Employ the "cockroach" phenomenon and other
methodologies to predict earnings surprises before they
occur
- Determine how to react when a company reports earnings
and how to profit from "post-earnings announcement
drift"
- Understand and profit from "analyst creep" --
the reason that earnings estimate revisions occur
incrementally over time
- Avoid being duped by the games that companies play with
their earnings reports
Whether the economy is healthy or stalled, whether the
market is up or down, by focusing on the strategies contained in
this book you will always come out ahead. Well-picked individual
stocks will always carry the day. Now with Ahead of the
Market, you will finally have the same tools institutional
investors have and will be able to find great stocks in any
market environment.
Bernie
Schaeffer, Chairman and CEO, Schaeffer's Investment Research,
Inc
"reveals a little-known but clear
roadmap for utilizing Wall Street research in a way that
significantly enhances investment performance."
Steven M.H.
Wallman, foliofn, former SEC chairman
"Here investors learn how to
understand analysts' recommendations and other market
indicators in a way that really lets them profit."
Paul B.
Farrell, columnist, CBS MarketWatch
"This is the one book every savvy
investor must have if they want to out-wit Wall Street's
pros"
Dan Miller,
Business editor, Chicago Sun-Times
"The investment strategies in this
book can put any investor ahead of the market."
--Victor
Niederhoffer, author of The Education of a Speculator
This masterpiece will live forever...a
beautiful distillation of unobtrusive knowledge.
--Burton
Malkiel, author of A Random Walk Down Wall Street
These pages contain a wealth of
interesting and clearly presented material
--Jim
Oberweis, portfolio manager, Oberweis Asset Management
A no-nonsense practical guide on how to
profit from the analyst estimate game.
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