It will work on some counter if the political risk didn't existed In the real wordl issues there is far more risk than a merely number on the paper Global warming risk, licensing risk, face problem risk just to name a few.
Icon8888: I didn't study very closely into Jaycorp yet so my last comment is based on YoY comparison, however the long term view on the company didn't impress me, so I am looking for some special views from different people, back to the topic, some speculation will add more advantage when it is combined with some core principal, however not everyone will follow the rules, because people make the new rule every time from time, there is more creative accounting no matter how you gonna do about it
Icon8888: I think you didn't mean it, I believe it is fair and considerable, and you can't explain which part of the comments is the "overzealous" intended, well, may be it is a good time to have a different view.
Value investing can be a painful process. This is what one of the super investors I have followed closely said
"I just want to take advantage of prices away from value.. If you do good valuation work and you are right, Mr. Market will pay you back. In the short term, one to two years, the market is inefficient. But in the long-term, the market has to get it right—it will pay you back in two to three years. Keep that in mind when you do your analysis. You don’t have to look at the next quarter, the next six months, if you do good valuation work—.. Mr. Market will pay you.” Joel Greenblatt
For the one-year competition, it is suitable for traders, technical analysis, risk taking. Buy high beta stocks, micro and small cap stocks, high leverage companies and instruments, companies which one can get insider news etc.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....