Investor sentiment seems to have swung from maximum optimism in September to maximum pessimism in November.

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By 2000, the index was hovering near 7000, rewarding the daring investors who bought at the time of maximum pessimism.

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In fact, the positive trading bias of the stock comes at a time of maximum pessimism over the prospects of the company.

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Periods of maximum pessimism have always been followed long bull markets.

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