No1: Stock ABC has gone up so many %, and its already run so far, surely now its expensive and cant run anymore
No2: Stock XYZ has fallen so many %, its looking damn bloody cheap, surely it cant fall anymore
These TWO are very common myths. I have seen this attitude (no1) with ZFX and more recently with NXS, by people on this board, so i think there is a need to highlight the fact that these are MYTHS. I would rather buy a stock at all time highs than all time highs. Always consider MOMENTUM.
Any1 else know anymore myths?