With the Toronto Stock Exchange pounding support at the 14250 level, the overall market is now down 9.5% but many stocks are considerably lower. Some stocks I have watched for the entire year taking advantage of periods of declines but nothing like we are seeing now. Today I could not help but bottom fish as I sorted through the carnage of what has happened to many stocks.
Here is the first bottom fishing trade done today as I sift through damaged goods to find value among the losers.
Bottom Fishing Trade Alert – TSX Stocks
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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