..you see so many of such ASX stock charts that reflect a period...

..you see so many of such ASX stock charts that reflect a period of outperformance followed by an extended period of underperformance

...from Feb 2009 to Dec 2017, Challenger Financials (CGF) experienced a 1194% stock return, cementing it as one of the more reliable quiet achiever (in annuity business).

...but since Dec 2017, its stock price has declined by -55% over almost 7 years, moving mainly sideways.

All time view
CGF Stock Price and Chart — ASX:CGF — TradingView

Apollo sell-down wipes $530m from Challenger
Lucas BairdReporter
Sep 5, 2024 – 1.00pm


Concerns over the future of Challenger’s relationship with Wall Street asset manager Apollo are behind a sharemarket rout that wiped more than $530 million from the Australian financial services company’s value, analysts say.

...I'm afraid to say that it seems to be endemic that we have this share experience of 'unbridled optimism followed by unenthusiastic growth period'

...and on that basis, one should not trust stocks that have had a big run to continue with that run, ONCE the momentum has faltered. When momentum has faltered, there is no reason to hold much longer despite positive long run prospects. Because its valuation may have already front-run at that stage and could no longer be supported by forward fundamentals.

...we have seen that with Boss Energy (BOE)
5 year view
BOE Stock Price and Chart — ASX:BOE — TradingView
...we have seen that with Neuren Pharmaceutical (NEU)
5 year view
NEU Stock Price and Chart — ASX:NEU — TradingView
...we have seen that and seeing that with Pilbara Minerals (PLS)
5 year view
PLS Stock Price and Chart — ASXLS — TradingView
...we have seen that with Cettire (CTT)
5 year view
CTT Stock Price and Chart — ASX:CTT — TradingView
...we have seen that and seeing that with Droneshield (DRO)
5 year view
DRO Stock Price and Chart — ASXRO — TradingView
...we have seen that with Whitehaven Coal (WHC)
5 year view
WHC Stock Price and Chart — ASX:WHC — TradingView
....are we about to see that with Telix Pharmaceutical TLX?
5 year view
TLX Stock Price and Chart — ASX:TLX — TradingView
...are we about to see that with WA1?
5 year view
WA1 Stock Price and Chart — ASX:WA1 — TradingView
...are we about to see that with ZIP?
1 year view
ZIP Stock Price and Chart — ASX:ZIP — TradingView

....all these rallies DO NOT LAST,...at some point they die of Exhaustion, and when they start making lower lows, we can conclude that the multi year stock bull rally has ended, and they could start looking like CGR or RHC or at worse APX.

All time view
RHC Stock Price and Chart — ASX:RHC — TradingView

In other words, it does not pay to hold on to dear life when the favourite darling stock starts to tank - the multibags you have made could whittle to nothing (e.g APX, CHN, PPX many more, some go into administration).

Like your stock because it gets you riches, but don't fall BLINDLY in love with it. And yes, when the stock has given you riches, your view is completely biased and likely that you would stay in Denial.