Buying high and selling low sounds good if you know what is high and low, or when it will happen. Unfortunately, many investors wait around for low prices that never come. This short-sightedness can cause them to miss out on potential life-changing gains in stocks that go on to shape the future.
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With a global pandemic and BioNTech (NASDAQ: BNTX) partnering with Pfizer (NYSE: PFE) on a successful vaccine, it's actually surprising that the stock is only up 225% this year. Still, the stock trades at an all-time high and optimism for a vaccine -- the pair's vaccine was recently approved in the U.K. -- is palpable. Wary investors may be asking themselves if it wouldn't be better to sit back and try to buy shares at a lower price.
Source Fool.com