If companies are trading at or close to their 52-week low,
what does that imply?
Do we need to wait for a bottom or what!!!
2006-11-25 20:53:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
It could mean 2 things - they are still going down or they have hit bottom. If a stock is at or near its 52-week low, I like that it has been there for a while to know that it might have bottomed. Also, I want to see some peice of positivie news to indicate that the stock can recover.
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2006-11-26 01:30:24 · answer #1 · answered by Anonymous · 0⤊ 1⤋
It does not really imply anything. If the entire stock market is at a 52 week low, that means everything is down in value. If everything in the stock market is trading at a 52 week high and yours is at a 52 week low, the thing to do is find out why.
For example: the FDA refuses to license a new, wonder drug from a drug company. Stock holders, who bought on speculation that the drug would be approved, bail out because they think the drug company won't be bringing money in by the bushel basket.
The drug company's fundamentals are sound, and they are paying a 3% dividend. It may be time to think about buying rather than selling.
2006-11-26 07:15:55 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
That is the bottom. If you're going to buy, that's a good time, unless the industry is crap. But the fundamentals have to be right - horse and buggy stocks keep hitting new lows, for example.
2006-11-26 05:40:08 · answer #3 · answered by AJH 2 · 0⤊ 0⤋
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2006-11-26 08:19:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2006-11-26 11:58:09 · answer #5 · answered by dinu_pawar 5 · 0⤊ 0⤋