Every correction is a little different, and it depends on your focus - trader or investor, etc.
INMHO, as an investor with a bias to holding, there are only three rules:
(1) buy quality stocks only,
(2) earnings are the best (if not the only) proxy for quality in a bumpy market, and
(3) don't use borrowed money.
I sold two largish positions in companies last week cold - INT on Thursday because it looked shaky anyway and EPG on Friday morning on the open. I still think that they are good companies (INT of course being highly speculative) but earnings will be at least a year or more out.
In the afternoon I nibbled on a small company that should be making good money within 6 months (QOL) and will probably nibble again next week if the opportunity/value is there, and the outlook remains supportive.
Admittedly I have a fairly long investment horizon, but if you buy well there is not too much to worry about.
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Last
$64.02 |
Change
0.610(0.96%) |
Mkt cap ! $12.40B |
Open | High | Low | Value | Volume |
$63.49 | $64.08 | $63.39 | $14.90M | 233.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1104 | $64.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.03 | 78 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1124 | 64.000 |
14 | 795 | 63.990 |
5 | 242 | 63.980 |
9 | 383 | 63.970 |
5 | 533 | 63.960 |
Price($) | Vol. | No. |
---|---|---|
64.020 | 2 | 1 |
64.030 | 37 | 3 |
64.040 | 285 | 5 |
64.050 | 1440 | 5 |
64.060 | 2097 | 10 |
Last trade - 14.11pm 12/07/2024 (20 minute delay) ? |
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