Yesterday I wrote about my new strategy of investing (see below). My investment advisor suggested that I wait for companies that were more prominent so today I add the following names to the list (see way below)
What do you think about this strategy? I’d love to read your thoughts.
I’m going to try to utilize the “Dead Man Bounce ” approach to investing. This approach involves investing monies in a company that has had an extremely poor day in the market. It assumes that things are a bit better then they appear in the market and that this stock should have a bit of an upswing in the next day or so. It is a short term approach. I utilize this approach because I love to bet on the underdog whether it be my beloved Met’s or a stock that everyone appears to have written off.
JC Penney at a 52 week low (JCP)
American Eagle Outfitters at a 52 week low (ACO)
BioScript There at a 52 week low and continue to drop (BIOS)
Carnival Corp one of the biggest drops of the day