Noble Group Limited stock price dropped a further 5% after my purchase to reach below 80 cents. Of course, it is not a great feeling to see immediate losses after taking a position in this stock, but then hindsight is 20/20, and I can never tell for certainty when will be the lowest point. I decided to invest in this stock based on my understanding and analysis of the company, and at that point in time I decided to take up a partial ownership of this business. I have reminded myself that I am going for the long-term and price fluctuations, sometimes disconnected from business fundamentals, are decided by market forces which I can never understand.
P.S. There is a small rebound today to 83.5 cents at the time of writing,
No comments:
Post a Comment