Trim Tabs Investing

Charles Biderman

200 pages, parution le 08/06/2005

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Résumé

TrimTabs Investing introduces a well-researched, market-proven technique to improve your investment returns by following the smart money in the stock market. While most stockbrokers and investment pundits claim that earnings drive stock prices, this groundbreaking book shows that what really makes stock prices rise or fall is liquidity -- the number of shares trading and the amount of cash available to buy them.

In TrimTabs Investing, veteran investment consultant Charles Biderman details his completely original TrimTabs methodology. You will learn to:

Recognize that the design purpose of the stock market is essentially the same as a casino: to separate the players from their money, yet leave them with a smile so they come back for more.
Use three crucial factors -- the net change in the trading float of shares, mutual fund flows, and margin debt level -- to determine whether the smart money (public companies and the insiders who run them) and the dumb money (individual investors) are net buyers or net sellers in the stock market.
Boost returns and reduce risk by selling when liquidity is bearish and buying when liquidity is bullish.

Charles Biderman uses liquidity theory every day to generate market-beating returns for his clients, which include leading hedge fund and portfolio managers. From December 2000 through December 2004, when millions of individual investors saw their portfolios slashed by half or more, and the S&P 500 declined 8 percent, the TrimTabs model portfolio rose 148 percent. Whether you are an investment professional managing billions of dollars or an individual investor with a small nest egg, TrimTabs Investing shows you how to achieve similar results in your portfolio. It gives you the tools you need to beat the market averages with less risk by investing like the smart money in bull markets and bear markets alike.

L'auteur - Charles Biderman

Charles Biderman is the founder and president of TrimTabs Investment Research (www.TrimTabs.com). TrimTabs is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity, including mutual funds and exchange-traded funds, as well as weekly withheld income and employment tax collections. He is frequently quoted in the financial media, including The Wall Street Journal, Barron's, CNBC, and Bloomberg.

Sommaire

Introducing liquidity theory
- A tale of fortune lost
- The genesis of liquidity theory
- The principles of liquidity theory
- The building blocks of liquidity analysis
Inside liquidity theory
- Demolishing the cult of earnings
- The house : secret corporate power
- The players : buying, selling, and borrowing
Looking back
- The bull market and the bubble
- The aftermath
Liquidity theory in action
- Swinging for singles : lower-risk strategies
- Swinging for the fences : more aggressive strategies
Looking Ahead
- Managing difficulties
- New applications
- How liquidity could save the markets
- Historical liquidity data

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Charles Biderman
Parution	08/06/2005
Nb. de pages	200
Format	16 x 24
Couverture	Relié
Poids	380g
Intérieur	Noir et Blanc
EAN13	9780471697206
ISBN13	978-0-471-69720-6