SR050321
2023-11-17

Great paradox - my take 

Speaking of "new highs," O'Neil introduces the concept of the "Great Paradox."

In O'Neil's framework, if a stock breaks out from a valid price adjustment pattern, accompanied by increased trading volume and approaches or achieves a new price high, it might actually signal a buying opportunity.

my take (personal view) : It could be right if accompanied by other good method. 

When i am buying any companies to diversify, it always failed me because once the price dropped it could not come back, why ? because not many demand on that stock, although the company is still stable, so i would rather buy the famous companies when it drops and started to move up. All those famous companies now are at the higher level. I wish i can buy more when at the bottom, but we never know where the bottom. Can catch some and diversify is already good enough for me. 

It is difficult to time the market, when i think it will goes down again to buy back, it didn't happen. So now many famous companies i have not buy back again, waiting for pull back. So how to decide when to buy? If i think the price is good enough to reenter/add i will. I may not catch the bottom, i always do this for $Berkshire Hathaway(BRK.B)$  $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ these 3 still giving me green. 

Not investment advice, wish you the best 🙏

@MillionaireTiger 

Have you ever heard of the great paradox in the stock market? - Chasing Highs or Hunting Bottoms?

@MillionaireTiger：
Welcome to Thursday Special! In the midst of a two-week rebound in the stock market, numerous stocks have soared to historic highs, exemplified by $Microsoft(MSFT)$ reaching $373.13, $Wal-Mart(WMT)$ at $169.94, and $Broadcom(AVGO)$ breaking records at $981.75. Whether you're a novice investor or a seasoned player in the market, a significant number of individual investors tend to favor buying stocks that have experienced a substantial pullback from their peak. This preference stems from the perception that seemingly cheaper stocks are safer or are closer to historical lows. Many individuals express reluctance to invest in stocks that are currently reaching new price highs. However, have you ever heard of the Great Paradox? It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower. Speaking of "new highs," O'Neil introduces the concept of the "Great Paradox." In O'Neil's framework, if a stock breaks out from a valid price adjustment pattern, accompanied by increased trading volume and approaches or achieves a new price high, it might actually signal a buying opportunity. What's your take on this paradox? Do you prefer bottom-fishing or chasing highs? Let's spill the tea on your investment strategies!🌈✨ 🎁Prizes Comment Rewards: Tigers who leave valid insights with explanations in the comments section will receive Tiger Coins but don’t copy others’ homework hahaha. Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment. This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
Have you ever heard of the great paradox in the stock market? - Chasing Highs or Hunting Bottoms?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • WayneEvans
    ·2023-11-17

    No major catalyst til Tuesday ! Either drifts or tanks until then !

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  • BruceBryant
    ·2023-11-17

    Bears may have short term opportunities

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  • b1uesky
    ·2023-11-29
    thk for sharing
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