The concept of trading 52 week highs ok but you also need to consider the companies capital management practice and where it is on it's CR lifecycle, if not you might just be on the wrong side of momentum.
Stocks like FND, EZZ and say SKS all fit the multiple 52 week high scenario for good reason, good companies supporting themselves (no more CR's), good capital management bias to SH's (low SOI number) etc.
Lot of dogs reach highs never to be seen of again thru mindless sector momentum.
Good stocks will maintain and better 52 weeks high over time, can't argue against logic.
Guitars? Takes me back to my school days, formed a cover band to some success, all about 15 and completely self involved in how good we were. (in our own minds)
Even started to invent nicknames, lead guitar (me) went by the nick of 'strings', the guy on the piano 'keys' etc, no sub species can do 'tosser' like young males, they take it beyond an artform.
Anyway we were pulling good crowds, mainly fellow young males, we just put it down to the very high quality hard rock we were producing . Vocalist was female, absolute stunner with best in class top half and she dressed to exploit.
Her parents went back to UK so she left the band, next couple of gigs the crowd dropped off 90%, took the lads a while to figure out the band nothing more than a glorified cleavage play for the young male punters, lads took it hard, then dispersed to various garages around Oz where they are holed up to this day.
. Vocalist was female, absolute stunner with best in class top half and she dressed to exploit.
