I was looking at the historical dips trying to find trends. I noticed something peculiar.
The stock "appears" to be at or near bottom. What I noticed was the during the 2000 and 2007 Bear Markets,
"crash" I've heard some say, the stock increased in share price. NOT TRADING ADVICE: Would seem like funds could be shifted from losing stocks in the inevitable event of the next Bear Market to this stock, should it recover from its low.
I also noticed during both Bear Markets, it never went below about $19 a share. If the stock recovers even a few dollars
and stays listed this is an interesting candidate to not take a huge loss on a Bear.
The stock "appears" to be at or near bottom. What I noticed was the during the 2000 and 2007 Bear Markets,
"crash" I've heard some say, the stock increased in share price. NOT TRADING ADVICE: Would seem like funds could be shifted from losing stocks in the inevitable event of the next Bear Market to this stock, should it recover from its low.
I also noticed during both Bear Markets, it never went below about $19 a share. If the stock recovers even a few dollars
and stays listed this is an interesting candidate to not take a huge loss on a Bear.
Comment:
Shift funds as long as you can stop loss before the next drop I should say.