Friday, October 2, 2009

newnoise1 rushes the read

Rushing the Read

The saying goes that you shouldn't buy shares on media reports. This is easy to say but what are you suppose to do? Go out there and work for the company for a few years?

Look at the news I scanned through today:

One news report claimed that according to Ricky Ponting, the Australian cricket team captain, the pitches they were playing on are life threatening. Then, when I watched the game, the commentators couldn't get over how wonderful the pitch was. So, I probably scanned so fast and through some twist of fate still don't know where they were playing today. Okay, so I fell asleep once or twice during the game and missed out on that part.

So this left me quite confused in a day when I needed every bit of my alleged intelligence to try and understand why Julius Malema was raving on about Nedbank. It's like I've missed some important episode of Dallas - the one where JR got shot. How hard to I have to concentrate to know what's going on!!?? The entire thing sounds like you need to have at least some post graduate training to understand the issues. I think what I'll do is go to Nedbank and open an account and while I'm there perhaps they'll kindly inform me on what the hell is going on.

The other thing I picked up in the Business Report this week is that e-books will do well in South Africa but hand held reading devices are more popular in America. My conclusion in the end was that to download an e-book to your computer is probably cheaper than buying a reading device to do it with. Your guess is as good as mine.

Other confusing news is that FNB is quite optimistic about house prices starting to rise soon while Standard Bank isn't or something like that.

How's that for noise?

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