A month ago, I wrote about how one should not be too tempted by a stock’s 52-week low prices because I foresaw that markets would continue to fall, and advised readers to focus on getting their fundamentals right first before jumping in.
However, I got a few criticisms from some readers, all of which could be summarized into:
“Who does she think she is? As if she can foretell the market!”
“Rather than trying to time the market, I will buy at low prices, which includes when a stock price touches its 52-week low.”
Quite a number of investors were going in after the STI recovered from its “bear” levels of 2800+ and broke resistance at 3000 points again.
Well, let’s just say that the stock market’s performance this week clearly shows that the worse is yet to come.
Rickmers Maritime have declared that they will be …