From News Ltd's '*' this morning, an interesting...

From News Ltd's '*' this morning, an interesting (perhaps novel) suggestion:

(I'm not suggesting it's correct - DYOR):

"Buying a stock at its 52-week high may seem counterintuitive – after all it flies in the face of the traditional idea of buying low and selling high – but an acclaimed trader and author says investors should open their eyes to the practice.

There are reasons why buying a stock at a 52-week high might be considered.

For one, it can potentially lead to further gains if the trend persists.

A stock reaching a 52-week high can signal underlying strength in the company, its industry, or the broader market.

In addition, when a stock breaks out to a new 52-week high, it can attract the attention of other traders, as breakouts often lead to increased buying interest that could propel the stock’s price even higher.

Mark Minervini, an acclaimed stock market trader and author of the book “Trade Like a Stock Market Wizard” is a huge fan of the process.

In his book, Minervini discusses his approach to trading, which includes buying stocks breaking out to new highs.

“When you buy a stock making a new high, you have to believe that it will go higher, and it often does,” he wrote.."