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re: Don't chase Stocks

Posted on 3/26/20 at 10:35 am to
Posted by saints5021
Louisiana
Member since Jul 2010
17514 posts
Posted on 3/26/20 at 10:35 am to
New at this as well and could kick myself for not buying on Monday. All the stocks I was watching are up at least 50%. Was afraid I missed out on it all.
Posted by Pendulum
Member since Jan 2009
7058 posts
Posted on 3/26/20 at 10:39 am to
There's no way this sticks entirely, but I'm starting to think we might not fully retest. We are riding a sugar high from fed and stimulus right now.


Still have some powder left, not much, so I hope we do retest lows.
Posted by AU4real35
Member since Jan 2014
16065 posts
Posted on 3/26/20 at 10:47 am to
quote:

New at this as well and could kick myself for not buying on Monday. All the stocks I was watching are up at least 50%. Was afraid I missed out on it all.


Something tells me there’s thousands of others just like you and myself.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71431 posts
Posted on 3/26/20 at 12:07 pm to
quote:

New at this as well and could kick myself for not buying on Monday. All the stocks I was watching are up at least 50%. Was afraid I missed out on it all.


Stocks are still well below their 52 week high.

If you wait for the next dip you might miss the current opportunity. As long as you're buying low and the financials of the company are good, you're still getting a deal. Only risk is the company not surviving which is why you look at the financials.

I bought some CCL this morning before leaving for work. Got a notification on my phone that it went through.
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