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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (63417)	3/12/2020 9:13:18 PM
From: John Koligman	Respond to of 78783

Longer term probably. I am looking for a bounce in stocks that have been absolutely crushed. BP with almost 300B in revenues is now worth substantially less than Tesla. But, sitting on my hands in cash other than very short term day trading for now.

To: Spekulatius who wrote (63417)	3/13/2020 1:49:39 AM
From: bruwin	1 Recommendation Recommended By Sisyphus Respond to of 78783

"Wanting to get into the oils for an intermediate term trade but they simply continue to be falling knives..." Seems to me that, although there are apparently very cheap, quality company stocks out there, this is not the bottom or turning point in the market(s). As a result there could still be more downside, and it may be too soon to buy those stocks. Despite the fact that "Technical Analysis" (TA) is "frowned upon" on this site, the fact is that what one is looking for is for Buying to exceed Selling. And the data that TA uses is based on Price, Time and sometimes Volume. So when the TA indicators are generally confirming Buying and upward momentum, due to the related action of Buyers, that could be the time to consider being "Greedy". Otherwise it could just be more "Falling Knives". I'm a Fundamental Analysis (FA) man and for me FA (the "horse"), under normal circumstances, comes before TA (the "cart"), and not the other way around. But we know what the FA quality is of a lot of those Quality companies that we see as Bargains. What we are looking for is some degree of confirmation that the Market is changing direction, and that confirmation is based on a renewed demand for stocks pushing stock prices up. Speaking for myself, I don't have a problem maybe losing out on the initial 10% to 15% of a new stock price's recovery if there is good confirmation that the "falling knife" stage has passed ........