Sifting through the debris, I found three little stocks that I threw some bottom fishing money at this morning.
Bought GNK @ $9.88, CPE @ $1.49 and REXX @$3.06.
It’s a market of stocks. Just remember that. Too often, we think inside the box and conclude that if the market is crappy, all stocks are crappy. Or, if the market is doing great all stocks are doing great. Hence, we think in terms of “the stock market”, not a market of stocks.
Yes, there have been studies that have shown that about 80% of a stocks price is attributable to the “market” and its sector. However, “averages” mean just that….some stocks are advancing, and some are declining. These three are Costanza candidates off a bottom.
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