The costly price of ignorance
In the world of stock investing, ignorance can sometimes be a bliss, at other times, a ‘big-time’ bane.
Imagine all the huffing and puffing to chase a stock without allowing common sense to prevail first. Is there any business logic behind a spike in the price of the stock? Or is it merely a speculative drive by some market manipulators?
This is presumably what happened to investors of oil & gas support services provider Icon Offshore Bhd which recently undertook a share consolidation exercise.