KLSE OUTLOOK FOR 04-08-2016: CORRECT STOCK PICKS SAVE THE DAY FOR THE INVESTOR IN THIS SOFT MARKET - BY FRED TAM ....Extracted from Fred's Facebook posting today ....It is okay to buy on rumours and tips in a bull market because, as the saying goes, “all boats float in a high tide”.
But this is a bear market we are in. We are in a “low tide” situation. Buying on rumours and tips when the tide is low will only deplete and ruin an investor’s capital rapidly as most tips will not result in follow-through buying as finding a “greater fool” is that much more difficult.
In other words, “in a low tide all boats sink”. ...Good Advice from Sifu Fred😊
FRED TAM - Good Advice from Sifu Fred Tam