70% down from it's high, is never the reason to buy a stock.
You will now see ' XYZ % down from it's high' a lot and I would say do not buy, just because it is down from it's top.
There may not be any reason for it to reach to the 'TOP' it went and there would be a reason for it to fall down by so much %.
Such stocks may fall into high beta & momentum stocks, where market news is driving it up or down, more then it should be.
Ensure, stories may help sell for short term, actual basis , value, and suitability should be the ONLY REASON to buy or even sell.
Do share your experience on this.
Agree / Disagree - #comment
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