when & if the market turns

  1. 1,565 Posts.
    this is a constant source of amazement: when a share goes down, why does everyone instantly start raving about how it is now the best buy ever? MBP VCR COE HDR come to mind, but there are many others.

    all the more so today when just about everything was down. not by much, but down. is it the commencement of a downturn, a change of trend, who knows?

    at the very least, one would expect them to sit back & see how far they'll fall & then whether they are commencing a recovery, before boldly declaring them to be the best bargain the world has ever seen.

    the experienced trader plays it differently. down by 8 or 10% and out it goes! as the saying goes, lives to fight another day.
 
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