As Warren Buffett says the lower the price of a stock goes, the safer it becomes as an investment. The higher the price goes, the more risky it becomes.
However, this only applies to high quality businesses with pricing power, a durable economic moat, with a cheap valuation. Current PE at 13.
Why I bought it? Same reason as why I bought META at $88 in 2022 when everyone say it has no hope already. PE for META was $8 back then.
ATH: $680, current: $318. (-53%)
Will continue to add more if the share price drop below $300. not a recommendation to buy and please do not buy it. DYODD.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
Great article, would you like to share it?