Hi Simon Been reading a book "How to make money in stocks" by William J. O'ne. He suggests you only buy stocks when they peak. The idea being cheap stocks are cheap for a reason. CML and APN are examples of shares that have looked expensive but just keep going. Your thoughts ?
sure that be momentum investing, above more value style .. momentum works great but in above I looking at buying and holding ideally forever .. yes cheap is cheap for a reason, retailers due to moving way expensive have pulled back and consumer under pressure .. but the quality rises again .. important they are not cyclical stocks
Im not convinced by this, the 3 points as you as you have laid them out, would need to be in balance, this argument comes down to value vs momentum (ie growth), in value the third component would be the greatest of the three, where momentum, the first 2 wld be the greatest, doesnÂ’t explain if one is better than the other, surely the sum of all three would be all you are interested in?