Stop chasing the high price - no need to FOMO, let it come downOften, when some gurus online said they have taken a position in some stocks , be it in US or HK, I will get PMs from my followers asking for my thoughts !
True enough, the price has already run so high and anyone that goes in now will definitely have a LOWER margin of safety. So, what's the rush ?
Is this company the only one in the world that produce such products/services ? If your idea of investing is to collect branded names stocks so that during lunch breaks, you can brag around, then so be it ! Else, you should have the patience and wait for it to come down , hopefully.......
In this case, I think the chances is quite high though not guaranteed. The chart shows us selling pressure is building or profit taking is on the table. So let the sellers sell and wait at lower ground to pick up the shares before another round of rally .
Of course, this is provided you have done your extensive research on this company and its financial performance !
Best of luck !
