Yesterdays Heroes.
....stocks that have risen for some time become hero stocks, they're celebrated by both instos and retailers for their unrelenting growth...until the day arrives that that growth can no longer be taken for granted. They then fall and continue falling and soon they become the forgotten heroes as the market celebrates new heroes. They were poster stocks for Buy and Hold investing for the period that they could generate growth.
...New heroes are also likely to become Yesterdays Heroes in due time, reminds us not to ever fall in perpetual love with our stocks.
....What is the signal that tend to suggest that their time could be over? Its when the stock chart starts turning lower on some disappointing news, and then continues going lower....most Buy and Hold investors would just ignore that sign because they have been indoctrinated that stocks go up and down and shrug it off believing their wonder stock could bounce back. But when they didn't, it didn't dawn on them that their fundamentals have eroded, and their growth has been compromised but continue to cling to hope. Or it may the thought of CGT that deters them from taking their multibag profits. Better to pay tax than losing all those gains.
...Not many can continue to stay high like CSL, BHP, CBA. Most that grow too fast end up failing to sustain that growth.
Costa Group rose 392% over 3 years to June 2018 , then declined , 5 years later it is still -62% from its peak
All time view
CGC Stock Price and Chart — ASX:CGC — TradingView
Ramsay Health had an outstanding run with a 15 year return of 2218% to Aug 2016, thereafter 7 years later still -41.3% below that peak (never regained that peak)
All time view
RHC Stock Price and Chart — ASX:RHC — TradingView
A2 Milk also had a stellar 1031% run in just 5 years to Jul 2020, since then it has only gone downhill and remains -76.3% below July 2020 peak
All time view
A2M Stock Price and Chart — ASX:A2M — TradingView
Domino Pizza had 2 periods of strong rally, from Aug 2011 to Aug 2016, it rose 956%, then fell -50% over close to next 3 years, rising once again by 326% but fell again -67.6%
All time view
DMP Stock Price and Chart — ASXMP — TradingView
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