amolo wrote:Can anybody help me understand what is happening with EABL. Want to buy at 206/- but have a feeling I may be able to get at 200/- or less if I can wait a bit. Thought opening of Southern Sudan and TZ deal (long term effects) should neutralize alcohol rules (short term effect)!
it feels dumb when you buy a share and the next week its down ten percent, but bottom fishing can also be very painful. Dont time the market, give the market time. Once you are convinced a stock is worth a certain value, buy it. If not walk away. The problem with bottom fishing is the stock may or may not go lower and you may lose your opportunity, or have to buy at a higher price, reducing your profit.
The investor's chief problem - and even his worst enemy - is likely to be himself