A successful strategy for buying momentum stocks

Financial pundits, news commentators, and various bloggers describe momentum investing as buying the best stocks of last 3, 6 or 12 months and holding them in hope the price advance will continue in the future. They view it as a blind strategy, where hordes of people buy a stock simply because it went up in previous period. In their words, momentum stocks are very volatile and risky with high P/E ratios, and market participants involved in them are fools. This is a completely wrong perception. Anybody who thinks they can just buy last year's winners without any analysis and make money should visit a doctor.

https://www.momentumbase.com/blog/a-successful-strategy-for-buying-momentum-stocks