The Superstock Investor – Profiting from Wall Street’s Best Undervalued Companies : [PDF Download]

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“Experienced observers of thoroughbred horse racing can usually tell halfway through a horse race, with a high degree of accuracy, which horses are likely to be in contention at the finish and which will not.

Announcers can usually determine which horses are looking “strong” and which are on the verge of tiring as the race is in progress, and they often use these observations to accentuate certain horses as they call the race.

How do they do this? They know the characteristics, through long experience, of horses that are running as fast as they can in the early stages of the race and of horses that are being restrained and have not yet been asked to run at top speed.

Once a race is underway and the horses have settled into stride, veteran race watchers can usually tell which horses will be around at the finish and which wil be also-rans.

They do this by watching the horses’ strides, how high the jockeys are riding in the saddle, whether the reins are loose or taut, the position of the jockeys’ hands, and other clues that can only be observed by someone who has seen all of this thousands of times before and learned to recognize some of the Telltale Signs to help determine the outcome.”

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