***Correction hits as expected***
Market is under pressure with OPEC+ meeting to discuss oil industry prospectives tonight.
With ongoing uncertainties it's a time to prepare for "buy" strategy when the market hits it's low in March.
One of the most common mistake done by trader is to pick up the stocks which fall most. However, it's not always the right decision. Significantly falling stocks is a signal that big investors are selling their long positions to cash out the profit. Stocks that resist well to ongoing correction show investor confidence in their long term performance.
So what?
Those investors who cash out their long positions in falling stocks will look for new opportunities to invest. Those opportunities are quite often become the stocks which didn't lose much over correction and give confidence for future growth.
Our strategy is to pick up the "value" stocks in March with reasonable p/s value.
Here is our "buy" orders we set up so far for coming weeks:
$HEAR
Buy: 27.3$
$SWKS
Buy: 163$
$UCTT
Buy: 43.5$
$FLWS
Buy: 25$
$WGO
Buy: 65$
{$CROX}
Buy: 74.5$
$PZZA
Buy: 80$
{$REGI}
Buy: 63.5$
$GMKN
Buy: 22000 RUB
Saying that we keep watching other stocks including "growth" IT segment that might come to a reasonable "buy" level in March-April