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Post# of 118282
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larrybaz

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larrybaz

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Re: researcher59 post# 83816

Wednesday, 02/03/2021 3:50:47 PM

Wednesday, February 03, 2021 3:50:47 PM

Post# of 118282
Researcher, I think that strategy makes some good sense:

"I think it's a mistake to completely exclude buying an undervalued stock just because it's already had a big run .... I can understand not wanting a full sized position, but at a minimum I take a small position with the intent of adding on a pullback, if there is one. Valuation takes precedence over RSI."

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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