“A savant is one who buys or sells within 20% of the top or bottom. Most who believe they’re smart enough to recognize and take appropriate action to capitalize on a market top or bottom as it is occurring are likely more idiot than savant.” Frank Martin
"Nobody can know where the bottom is. That is why we normally ease into positions and out, and in bear markets test the waters rather than doing big splashy “cannonballs” into the pool. The worst part of bear markets is not necessarily the cascade of paper for sale at declining prices; rather, it is that liquidity disappears for both buyers and sellers, making it even more difficult to enter or exit a position at the apparent market price." Paul Singer
“To think that you’ve picked the bottom, I don’t really know why anybody would think that, that’s just an arbitrary moment that you happen to be looking at X, Y, Z stock because there are zillions of them and they trade all the time.” David Abrams
PPT Price at posting:
$15.53 Sentiment: Sell Disclosure: Not Held
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