This is a pet concept/theory of mine that I would like to throw open for discussion.It is unfortunately true that when a share looks particularly cheap there is quite often something wrong with it - bad news around the corner,etc.I have fallen victim to this on three occasions recently - Alco Holdings in Hong Kong,Bergman and Beving in Sweden,and earlier Crown Crafts in the USA. I believe that this factor is accentuated in over-priced markets - due to the scarcity of cheap stocks in such markets - leading to a stronger restricted choice factor..Comments welcomed !

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