Quote:
Originally Posted by Fuzz
I ignored this advice and bought at $224. It's now $283, up 26.5%. Not bad for 6 months. Could have gotten in at $163!
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Definitely...but only if you sell!
I do think you bring up a good point. Oftentimes with these popular stocks, if you wait for things to get perfect before you buy, you're probably too late to catch a good chunk of the move. By the time there is a "viable plan" in place, it's obvious to everyone else too, and the stock price has already adjusted. You minimize loses waiting for solid ground, but if you're looking to capture big moves, you have to get in while things are still fuzzy.
Of course buying while the picture is still fuzzy does involve some level of guessing/hope, and things could easily go the other way. Look at the the people who bought "cheap" META stock in the spring.