30% discount drop , hurry hurry and buy ?I received quite a few question on buying stocks when it falls a great deal, like Yoma Strategic.
First thing first, we must understand the reasons for the fall (not always clear cut but at least some hints were be there if you do your research). In Yoma case, it is the political situation happening there. And from the day of posting , you can see the price continues to fall and likely to revisit the 0.158 level support.
So, is there a hurry to buy now as in Fear of missing out ? Even if you dunno what causes the clashes and upheaval now in Myanmar, switch on the Tv and asked yourself is it likely to be resolved in a week or two ? Hong Kong was a good example. China could have easily come in and settle it but they waited and waited till it escalated to a pretty serious level (imo). Now what the top guns have in mind, I won't know but these Chinese government officials are truly smart and strategic. They plan their moves very well............
So, relax brothers and sisters! Unless you have insider news about this company and how they are going to turn around the situation, buying now and 3 months from now - I prefer the latter IF I decide to buy. Cheap is not a strong motivation to buy , there are many pennies stock below 0.10 and they are likely to stay that way for a long , long time. And they are speculative as well, spiking up and now . Can you heart take it ? is this what you want ?
Of course, some would love such challenges while others prefer a more stable and coherent story to rely on. No right or wrong, to each his own.
