Saturday, November 13, 2004

SecurityTraders.com

I am a part of a project that will revolutionize investment research for the individual investor. It is called securitytraders.com and Wall Street should be scared. It is basically an open source community of like minded independent investment writers. These writers are sick of the hype and sales pitches that Wall Street tries to pass off as valid research. It is not a level playing field out there in the investments world and we are going to try and change that.

At first, we will be doing a weekly ST roundtable where we will discuss one stock. That is also where I will post my one pick each month. I will also be positing it here, but also over at ST. We have big plans though!

We are going to get a database of “picks” by these so-called experts. These talking heads of Wall Street always trot onto CNBC and try to sell to the public what their institutions want. They don’t think that the viewers have the attention span of a few days and will forget the pick so it doesn’t matter if it goes up or down. Well, now it will or they will lose credibility fast amongst us who are watching.

That is not the only plan, there are others, but this is going to be a lengthy process if we have to do it all ourselves. We are looking for readers interested in helping in any capacity possible. We have many groups drawn up and need some more members. So, if you are interested and want to help in this project, E-mail me at Levi@securitytraders.com.

I hope I hear from you soon and we’ll take Wall Street and Mr. Buffett on all at the same time. I think we’ll be fine.

Best Regards,

The Soothsayer of Omaha

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