Imagine the poor TRY holders that got talked out of their holdings by nasty forum trolls that don't understand the dynamics of the stock market. Go and have a look at the comments from that time here on hotcopper.... Shame on them.....
luckily AMX holders have myself and other posters here to point out that sentiment and emotion shouldn't dictate your investment decisions. Fundemental research should, all the answers are there.
Have a look at PRU chart also for another example or Andean.
Eventually fundementals will always dictate true value of the stock. Buffet knows this , and has made a fortune buying undervalued companies that nobody wanted, but had unrecognised and unrealised intrinsic value.
AMX fundementals are solid, just like TRY's were.
First GFC was a very simular back drop to what we're seeing now in capital markets.
And just like the GFC , the stimulus will return , capital markets refreshed and stocks like AMX will follow the same trajectory as PRU AND and TRY .
Bottom in for AMX ? maybe , maybe not, who cares if you're here for the LT ? . You sure as hell know that you're not buying anywhere near the top. You are buying at or near to the bottom. Noone can pick an absolute bottom in any stock with 100% accuracy.
It about buying when you see value.
AMX Price at posting:
49.5¢ Sentiment: LT Buy Disclosure: Held
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