Follow the money on these 2 companies

Founder and Publisher of the Switzer Report
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With the Melbourne Cup looming (when normal Australians turn into ‘experts’ on horse flesh on the first Tuesday in November), professional punters are often driven by one important rule of thumb, which is “follow the money.”

The same driver can work with investing or speculating on stocks. And while the weight of money can get it wrong because of misleading signals, which can result in surges in stock prices followed by slumps, there’s also one of my favourite investment lessons worth thinking about which says “the trend is your friend until it bends.”

A stock to watch is Nearmap (ASX:NEA), which FNArena’s Rudi Filapek-Vandyk underlined on last Monday’s episode of my Switzer TV programme at the 23 minute mark:

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