A few days later,the price dips and continue to do so for few months after a lot of bad publicity in the media about the company regarding the failure of its Covid pill was published. I told myself that once the price reaches slightly above my cost price, I will sell off all of it. Finally, I managed to sell it off within a month.
I should have hold on to it till date as the current price has skyrocketed & seems to have stabilise. Magically, I don't see any bad news pertaining to the company anymore. My mistake was allowing my fear overpowering me by reading all those 'noises'.
From this experience, it has taught me not to allow the media to influence my investment strategy as it may cause a painful diversion. I need to have my own research and knowledge before investing in a stock as this will ensure no matter what happens, the company stock price will rise as it has good economic moats and sound fundamentals.
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