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CRedskinsRule · 04-23-2020, 11:55 AM

I've nibbled at 5 cheap stocks that took nose dives.
A construction stock (NOA) that was trading consistently around 11 before the collapse, i bought a few shares at 4.86
Angie's List (ANGI) which was around 14, I bought a few at 5
An oil group stock (IMO) which was around 26, I bought a few at 12
And Dell which was around 50, I bought at 30.

I am thinking of getting Cinemark which was around 30, and is at 13.

I basically look for stocks that had steady 1 year numbers, and their dive was obviously due to CV. All told, I'm only putting in tiny number priced stocks where when the dow gets back to normal, they should see a 2 to 3x turnaround. Once the dow is back to normal, I probably will trade them all in to an index mutual fund or something of the sort.

04-23-2020, 11:55 AM	#34
CRedskinsRule Living Legend Join Date: Aug 2008 Age: 57 Posts: 21,532	Re: stocks in meltdown mode I've nibbled at 5 cheap stocks that took nose dives. A construction stock (NOA) that was trading consistently around 11 before the collapse, i bought a few shares at 4.86 Angie's List (ANGI) which was around 14, I bought a few at 5 An oil group stock (IMO) which was around 26, I bought a few at 12 And Dell which was around 50, I bought at 30. I am thinking of getting Cinemark which was around 30, and is at 13. I basically look for stocks that had steady 1 year numbers, and their dive was obviously due to CV. All told, I'm only putting in tiny number priced stocks where when the dow gets back to normal, they should see a 2 to 3x turnaround. Once the dow is back to normal, I probably will trade them all in to an index mutual fund or something of the sort.