Now is the time to buy AFTER the bounce, and we are not close to there, yet.This is rare opportunity to buy dip. It can go down further, but let's not discuss that here. Instead let's focus here only on list of stocks that are good and had huge drops recently.
Only well known stocks, no small or unknown companies.
- BA Boeing
- BKNG Booking
- DAI Daimler AG
- AIR Airbus
BUBS on the "internationally traded" ASX. Ansell also.With populations essentially stuck at home for prolonged periods, what about a baby boom towards the end of the year?
Beneficiaries, please?
Why the tread has been put in ASX stock chat? It's mostly about International Companies. Please move it back to international stock section.
Guys please stop doing predictions and discuss possible market moves. Let's focus instead on stupid and simple thing - finding biggest drops in good looking companies, like Boeing and Mercedes etc.
Now is the time to buy AFTER the bounce, and we are not close to there, yet.
That said, your choice of stocks could hardly be worse - transport and tourism - neither should be contemplated in the present environment.
That's probably the reason those stocks fell so much - everyone are afraid of it and it fell the most. As for the timing - I agree with you, and also believe (and hope) it will go down significantly more, ideally 50% more down.
The problem is - it's impossible to catch the biggest drop timing exactly. So I would like to spend probably ~30% on the current drop, and keep 70% for later if the bigger drop will occur.
It's not a defensive play, those fallen stocks can fell further and yes if you buy it now there could be losses, but that's ok. It should be expected that those investments will be locked for half a year or maybe two years until they recover. That's the known problem of trying to catch falling knife, sometimes you will be cut, that's ok.
Sellers of condoms.
The thread is about "international stocks" however we have hijacked it!
Anyhow, imho today is a dead cat bounce.
Way too early for us to measure the effects of the looming downturn.
That said, I cannot fathom anyone contemplating the transport sector as it's yet to experience the worst of times - so SYD would be off my radar for the next month unless there's a miracle.
Same with QAN - I have it down as value at $2.00 but expect it now to dip nearer to $1.50. Best thing about QAN is that next year it will offer great fares as it has the best hedgers of aviation fuel in the world, by a long margin. I expect calendar 2021 will deliver excellent returns for QAN.
Why the tread has been put in ASX stock chat? It's mostly about International Companies. Please move it back to international stock section.
Thanks Joe.It is important to be be very specific with thread titles. If you only want to discuss stocks listed on specific exchanges then please mention that in the thread title. My personal view is that thread titles can never be too specific.
I went in as well at 14 from memory
I went in as well at 14 from memory
A few gems like that but risk still high
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