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Strategies & Market Trends : The Art of Investing

PICK 44.61

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Nov 4 4:00 PM EST

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Cogito Ergo Sum

sixty2nds

To: roto who wrote (3460)	1/28/2022 1:59:53 PM
From: Sun Tzu	2 Recommendations Read Replies (1) of 10513

When a lot of people are bullish on some market/sector/stock and yet it keeps going down, then it will make for a very bad buy. This was the core of my reasoning for staying away from BABA back in the summer even though I was originally staking it out as an investment. Every week there was some new article about what chance of a lifetime it is to be buying BABA. And every week it went lower. I began to wonder who will be left to buy it to push it up. And also what will they do when they recoup their losses. So I stayed away. This type of logic applies equally on the way down as it does on the way up.

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