When you sell in desperation you always sell cheap
Boeing’s Stock was flying at levels touching US $ 350 in February 2020 when it suddenly lost oxygen thanks to the Corona Virus market crash and made an emergency descent down to a level just below US $ 90 in March. Then on news of stimulus economic package it commenced a steep climb and within days it went up to US $ 158 .73 on 25 March 2020. What next ? Will it level off around 160 , climb further or descend ?
I’d love to be able to predict markets and anticipate recessions , but since that’s impossible I’m satisfied to search out profitable companies as Buffet is. I’ve made money even in lousy markets & vice versa . Several of my favourite ten naggers ( stocks that went up ten times ) made their biggest moves during bad markets.