Product Description

This book perfectly illustrates why most people lose in the stock market, even when tremendous opportunities are presented to them. A spectacular move of over 7000% in 52 weeks was offered to the public and still the vast majority of the public either lost money or did not make any significant gains on the stock. Only a handful of the insiders made money on the move. Written as a fiction surrounding such a stock, the book offers simple lessons to the lay person about how to improve one's odds for success in the stock market, and it does so with an entertaining and enlightening storyline. The story offers an insight into the rewarding way Wall Street works for the insiders and how it shows a different face to the outsiders.

Product Details

• Amazon Sales Rank: #719243 in Books
• Published on: 2004-09-30
• Original language: English
• Number of items: 1
• Binding: Paperback
• 204 pages

About the Author
Brad Koteshwar is a lifelong student of the stock market. He started off working as a commodities broker. After some years, having been burned out by the stress of the high volatility and risk involved in trading commodities, he turned to the stock market. After years of learning by practice, Brad and his wife, Sheila, started an online newsletter (breakout123.com) in 2001 - right smack in the middle of a severe bear market. They subscribe to the philosophy, which is constantly imparted to their readers, that one has to be conservative and wait for the right stocks to show up before making any serious commitments. Brad ended up calling the top on Taser, the stock around which the story is written in this book, to the exact day in his newsletter.

Customer Reviews

Entertaining Fictional Introduction to Stock Trading
The Perfect Stock is a fine complement for any of the good introductory books about becoming a stock investor, such as How to Buy Stocks and Common Sense about Mutual Funds.

Mr. Koteshwar has built an entertaining story around the rise and fall of Taser's stock through early 2004. In the story, his protagonist is a freelance stock analyst who is hired to check our Taser just before the stock tops out. In real life, Mr. Koteshwar's investment newsletter called the top to the day so we can assume that some aspects of the book are semi-autobiographical.

Through the course of the novel, you will learn how a bubble is built and burst on a given small stock. He provides perspectives on the founders, the investment bankers, the pool players who run the stock, hedge funds who play the run, and the little guys and gals who get taken to the cleaners. From this perspective, you will learn many important lessons about how speculators profit from momentum (stocks that are rising rapidly on increasing volume) plays and what to watch out for. I especially liked the way that the book described the trading strategies and profits of those who played Taser from different perspectives.

Although this is not an investment guide per se, unless you ignore the lessons in the book you cannot help but become better informed about how to evaluate a momentum play . . . and to protect you from making major mistakes.

The methods involved are ones that I have known many successful investors to use . . . and the failed efforts are ones that I have heard many stock brokers describe as the failings of some of their clients.

Where are the clients' yachts?

One of the easiest ways to get a basic grip on stock trading
There are plenty of technical books for the stock investor on the market today. This one takes a totally different approach for teaching the basics of stock investing and how the market moves by following the characters in a fictional novel. By reading the various actions they take, the reasoning behind those actions, and the how they adapt to changes the reader comes to understand the basics of the stock market. If you are not a technically inclined person and don't want to get bogged down in trend analysis, price/earnings ratios, or other more complex methods of explaining the market then this book is a great way to get a handle on what goes on. If you want insight into how Wall Street works for both the insiders who understand it and the outsiders who don't then The Perfect Stock is an easy and illuminating read.

A very good book
I am trading since 1979 and have read many books since I began trading. This is a great book. It is very simple and gives the gist of successful trading. I do not agree with the anonymous trader from Hawaii. All I need is just basic price and volume action to see the primary trend. The fundamentals are a lagging indicator and usually come up after the primary trend has already begun. In fact, many stocks top out at the peak of their fundamental strengths. Moreover, most of the true lessons are hidden and may escape the so-called technical trader because the book is written as a novel. Being immersed in the story, it is easy to miss the lessons.