100-Day Reading Sharing Plan – Day 60

A Random Walk Down Wall Street

1. Stock prices move in trends, and trends tend to persist until something happens to change the supply-demand balance, at which point the trend ends.”

2. Chart analysts also believe people have a bad habit—they always remember the price they paid when they bought the stock before, or they obsess over the price they wish they had paid but didn't.

3. No matter what technique, as more and more people use it, its value will inevitably diminish.

4. There is likely a very efficient mechanism in the market. If someone knows the stock price will rise to $40 tomorrow, then the price will rise to $40 today.

5. Analysts must estimate the company's sales level, operating costs, income tax rate, accounting depreciation, and the sources and costs of capital required for the company's operations and development.

$Amazon(AMZN.US) $Novo Nordisk AS(NVO.US) $Cleveland Cliffs(CLF.US)