Opportunities in a dull market..
Time and again we can witness incessant selling when the CI takes a breather..Investors who have bought and picked up the shares suddenly decide to unload just because the counter turns south ...today was no exception...this herd mentality can be due to the many decidedly negative thoughts that permeate the average retailer when the market heads south..either worries due to a chart support level being violated or some friendly advice from a well meaning friend who is equally jittery about near term market direction...At times like this.it may be better for one to sit back... and figure out what made you trade or invest in that counter just days before...unless you are a day trader or one who has little or no holding power at all ..short term corrections should not waver you at all..think of averaging down..swapping to better quality counters or higher performance stocks that can rebound easily or simply waiting it out may be better options..after all the falls one witnessed today on many counters could simply be due to contra due date selling on heavy buying not absorbed fully in a listless market...think about it.....
Thank you for reading....
Chris Choo
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