Speed ​​investment securities, which in recent times across the market to invest substantially in practice. This paper, two groups of investors, analysts and investors, Wall Street Journal documented the stock recommendations of individual experts to investigate the darts competition. We found that both groups of securities that individual investors in securities with extreme speed are focused with a strong tendency for the dynamic selection. Dynamic professional analysts, but are not successful with the strategy of individual investors. We conclude that momentum investing a viable strategy for individual investors.

A dynamic investment strategy that stocks recently outperformed the market involves the purchase is expected to continue this momentum. Chan, Jegadeesh, and Lakonishok (1996) states: "... investment is a clear momentum investment style and recognized in the United States and other capital markets." Both medical and scientific literature, discussed the pace of investment. However, to date no group select a group of investors, the existence and operation of the return on investments is tested for the Czech.

Wall Street Journal column on a goal in this paper, investors, analysts and investors, two groups of professionals are aware of the security teams. During these six months will be based on earnings announcement, the justice of their bills, they are encouraged to collect short-term winners. Established empirical finding that the six-month period is still the winner of the winners in the next six months, the participants can also be driven by a momentum strategy. Identify and compare the two groups of investors to determine whether investment promotion and investment strategies that are beneficial to you, to participate in when it appears.

The results show that individual investors and professional analysts, investment, evidence of mobility. We find that individual investors generally lower than market returns and earn professional analysts generally earn higher returns than the market. Professionals typically receive much higher returns on the market from private investors. Results, the person arguing against the practice of the dynamics of investment investors.In next section, we briefly fragmented by commercial and scientific literature to discuss the literature on momentum investing. In section 3 we discuss the sample values ​​used in our analysis. Section 4 presents a test method and empirical results. This discussion is followed by a conclusion.

Medical literature describes the existence of momentum investing, in March 2000 and found that this behavior is the cause of the collapse of technology stocks. For example, Burton (2000) Malkiel, the stock market that has recently undergone major developments in relation to the defined as the practice of buying the Wall Street Journal, writing in the dynamics of investment. Malkiel, Nasdaq stocks from October 1998 it continued to rise dramatically in the March 2000 crisis and the trend identified as the cause.are led. "Recently, (2005) McKay, energy stocks based on the swing, the argument that private investors are slow to" show the values ​​of the fields to speed, drive "Stock investors already have their purchases to the professionals. The literature argues that investment can be detrimental to the overall market dynamics, but is likely to have adverse effects on individual investors. place the other forms and informations.