ITC impress energy limited

is it a really bargain, page-7

  1. 2,166 Posts.
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    Hi fisherwoman,

    In relation to your message you have to consider the following aspects.

    1. For very cheap stocks as ITC is, the probability that they will be very expensive or have big capitalisation such as FMG or PDN is very small, so your investment style is of a speculative nature

    2. For speculative stocks such as ITC, it is better to use a trading strategy as the fluctuation in price can be very significant.

    3. If you invest a lot in the same stock that it does not mean that you are a good investor. A very simple example can be Tamaya resources, which went into receivership recently but as I know there were a lot of investors buying cheap including significant amount of money invested by the Tamaya top management.

    4. Looking at the chart technically it will not attract traders, as at this stage it is too early to buy.

    I have seen a large number of similar responses to my messages from different people in a number of stocks but as I can see some of them such as TMR disappeared completely, some of them are trading by 5-6 times lower from their picks such as OEL, NDO and other.

    Hope this helps.

    irynka
 
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