Daeubner: Schoeller-Bleckmann - New highs!

You may have noticed that I like to buy stocks that are cheap and sell them as soon as they have become expensive. This means that I am always on the look-out for stocks which trade near their support lines. Schöller-Bleckmann is a different story, however, since the stock is more expensive than it was at any given time within the last year. Many of the world´s best traders believed that the best time to buy a stock was when it reached new highs. (A few famous examples are Nicolas Darvas, Jesse Livermore or William O`Neil). This is called trendfollowing, turtle-trading or box-trading - depending on whose teachings you read. And Schöller-Bleckmann certainly seems like an interesting pick. Personally, I´d have preferred to buy the stock at around €40 a good months ago - but this is still a good signal nonetheless! Especially when you need confirmation before adhering to a signal.