Should We Buy "Tainted" Counters
There's basically no better way to describe these counters. Tainted might be least offensive word. To all investors, again many will go back to the crudest, simplest form of decision making - anchor and adjust. We anchor on what we know, and adjust for new information. Hence something that was 3.60 before the election and now stands at 1.60 looks mighty tempting. But we also know the new paradigm will also means that to get back to the 3.60 is almost inconceivable. Glory to the risk takers. These counters will have a lot of volatility, downs and rebounds. Rumours and newsflow will be flying like fake news in a thunderstorm of hope and lies. Day traders and prop traders will love these counters, hence beware of getting caught by them. What Might Happen To Them - These counters while tainted, are not like BN appointees whom you can just fire. If they are found to be in cohorts with previous government in doing "illegal activities" such as: collusion, bid rigging, over prici...