Stocks on Discount on the NYSE
Stocks on discount!!
Since the 20th of February 2020, we initiate a period of sales.
Everyone was waiting for a retracement of the market from the last 12 years of bull run, but we got a Tsunami of RED.
Is red GOOD or BAD?
Red normally is the color that calls the bulls on the bullfights.
“Bulls, along with all other cattle, are color-blind to red. Thus, the bull is likely irritated not by the muleta’s color, but by the cape’s movement as the matador whips it around. In support of this is the fact that a bull charges the matador’s other cape — the larger capote — with equal fury.”
Investors are like the Bulls, red means time to be alert for a good stock at a better price than a few months ago.
In a few words, we are on Christmas Sales!!
Ladies this is the time to go shopping !! the supermarket is selling goods at discount prices.
What to buy & when to buy?
What to buy?
In this specific crash, we need to be very sharp with our investments.
We need to choose companies with very good Balance Sheets.
Not all the companies will survive this crash, this one is not an economic correction.
Coronavirus is a killer machine for people and companies.
Some industries related to tourist, travel, hotels, transport & entertainment are in the red line at the moment, and the coronavirus show just started.
– Good Balance Sheets
– Future of the company
– “Utility” & Demand
When to Buy?
That the Million Dollars question…
And the answer is easy…wait for the market to stop falling, never try to catch a falling knife.
I understand that looks difficult, watching these prices and keep the money on cash.
But patience will pay you very well in the future, you only need to wait.
During this time do your research about the shares that you like to include to your portfolio, and create a watch list and track the prices daily basis.
The only Tip that I would like you to do is:
Study the pass of that stock, see where was the price on the last big bottom of that stock, because maybe the price is going to that direction.
Watch this video... is my best TIP for you!!!
From Alessio Rastani “Nothing like this market crash ever happened before. When we compare the speed and magnitude of the crash in the stock markets in March 2020, we find that it has never happened before. We explain what it could mean going forward. #StockMarkets #SP500 #AlessioRastani “
Alessio is one of the best Youtubers out there, I’m following his work since 2017, and most of the times his right, this is not a game where you can trust your money in a youtuber, but Alessio is a trader with years of experience and he always invite some of his friends that can give you another angle from the Market.
Hope this post help you to understand two important things.
1 – Patience, wait for the best entry price.
2 – Do your research, before investing in a company that is at good price because is going to be at bankrupt.
Please have a look to my Library https://mysmartmoneytips.com/library/