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

To: E_K_S who wrote (78357)	10/27/2025 9:47:19 AM
From: Elroy	Respond to of 78414

Interesting. The thing about buying during the Covid panic is at that time loads of stuff was on sale (like me with the CIM preferreds). Same with the tariff panic last April. If you have cash you can buy almost anything during those dips and make a killing. I think at those times you're much better off buying the aggressive growth stocks (like.....Micron?) and enjoying a 3x or 4x gain as well as future growth than an income stock, especially a preferred which suspended distributions. If it suspended then it was at risk of losing 100%, but we all know Micron isn't going bankrupt because of Covid or tariffs, it's just got a volatile stock price. My two cents. When those big dips happen I never seem to have any cash available for buying anyways. I just watch and wait. With the CIM preferreds, there was a weird situation where CIM common stock was the same price as CIM preferreds (both about $8.00), so I shorted the common and bought the preferreds, the theory was that if they both go bust, Ok, I'm even, and if they recover the preferreds will go back toward $25 but the common would be in trouble that it might take many years (and reverse splits) to get back to $25. It worked out great, but again I wish I had done more size on the pair trade.