Advice from the guru and lessons learnt
In the Money Week (TV show on Channel 8), the stocks guru Mr Hu Li Yang mentioned that if a stock you chose drops while overall stocks in the market are rising, that would imply your stock is 'sick' and you should be alarmed by this signal. I do not agree with all of his statements, one of which is about buying up and selling down. If the statement he made above is true then I have to re-look at two of my stocks, which failed to break their resistances since I bought many months back, despite the market doing better than then. I should know better than to buy on gut instinct and reading some optimistic posts about the company. I regretted not following my gut instinct that time about Genting SP when it dropped to 0.80+ the commentaries were all against it rating it's support at 0.60. Suddenly it emerged as a multi-bagger stock. I wondered if any guru would have guess it can hit a whooping $2. After a period of over-chase, it's price is finally cooling off - closed to...