Aguytrying wrote:@young. Liking your bearishness. When do you think stocks will tank proper, from your experience. And what low price would you expect for the following: kenol, kplc, kcb, equity. Thanks.
@Aguy,It is not a question of thinking bearishness, it is just the princples of what goes up must come down. There is always a time of market correction even for good companies.
For a long term investor instead of injecting more money to buy your favorite stock when it is cheap, you can equally do what I do once in a year on NMG and EABL to increase your holdings without injecting new funds.
I sold all my units of NMG at 185 bob specifically in may 2011 and bought back at 135 in November 2011 after it has lose steam and euphoria.
I have been doing this for the past 3 years only for NMG & EABL.
My 125 bob low price is just a prediction not a hard and fast rule as I am factoring in the political uncertainty this year so I expect NMG to get as low or close to that in the months ahead. Meanwhile I am looking forward to selling NMG circa 180 again this year.
I cannot predict other counters as I do not apply this technique to them.
This buy back approach is called passive recursive
trading. It is very useful to long term investors.
Cheers
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