Would you rather buy a 52 week high, or a 52 week low?
Stocks trading at these extremes are often in the headlines. But not always for good reasons. And depending on who you ask, you’ll get different answers as to whether you should invest in 52 week lows, or follow the crowd and pile in to 52 week highs.
Before I give you my opinion, here are two places you can find socks trading at 52 week highs and lows:
Personally, I see both sides of the equation. As a value guy, I don’t want to overpay for a company. But I also understand that you can only make money in stocks if they’re going up. And picking bottom is easier said than done.
Ultimately, it’s up to you! So…
What do you think? Would you rather try to pick the bottom, and focus on getting value? Or do you prefer to chase capital gains right now by putting momentum at your back?
I’m not sure that one way is particularly better than the other. It probably depends on your personality.
What style appeals to you?