Understand the market's reason for being. "It is important that an issue be readily saleable, it is still more important that it command a satisfactory price."
"Value in relation to price, not price alone, must determine your investment decisions." Just because a stock seems cheap or dear doesn't,t mean that it should be bought or sold.
Though investors cannot predict market conditions, they can take advantage of conditions once they are recognised.
It's not a stock market, it's a market of stocks. Any company can be out of step with the market, ready to be bought and sold in it's own good time.
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