You don’t have to jump back in at the first sign of strength. The day is long and there is plenty of time to reverse lower. Plus anyway, you should be shopping for names that have been sold off, not hitting new highs. If that’s the case, these names are down 15% over the past month. If they’re going back to new highs again, what’s 1-3% of missed upside in the big scheme of things.
To crystallize my opinion: one should exhibit a modicum of patience here and not try to catch quick trades. The play is to buy larger cap or highly liquid names that have been sold off. If top tier REITs are off by 18%, why bother playing in the gutter with the filth and the offal?
If you enjoy the content at iBankCoin, please follow us on TwitterStep 1: Have cash for dips. If you have cash, be patient. The market sell off can last much longer than you think.
Step 2: Buy quality; avoid filth.
Step 3: After catching a bounce, drink champagne.
Step 4: repeat steps 1-3.
anything particular??
High quality beaver lodgings.
WETF, O, BX, APO to name a few
Sound advice.
KNDI up 70%!!!
This is moonside action, everything backwards now!
“moonwalk” dummy.
Michael Jackson, let it moon walk. Set it napkin, let it cool off.
Fool.
Fly, whats your take on Halcon Resources?
For a healthy Long term bull market, there needs to be a sell off….”
people said that last dip, about a month ago or so… mid April.
$RHT