This is long position idea. If you believe that yesterday breakout is not just a fake then there is an idea to pick up fallen large cap stocks in the short term. As I can see there are many sectors that were brutally dumped in March and pumped in April. Oil industry, restaurants, cruise companies and more recently airlines are up about 50%. Mostly, these stocks are COVID-effected.
My idea is simple: to pick up stocks from sectors that have high risk and still are down. I find financial sector attractive. As I see there is no fear at the market right know I'd like to pick up some risky stocks with high market cap. Hedge funds have taken away 56M$ from WFC. Sounds horrible, lets see what market think about it :D
My idea is simple: to pick up stocks from sectors that have high risk and still are down. I find financial sector attractive. As I see there is no fear at the market right know I'd like to pick up some risky stocks with high market cap. Hedge funds have taken away 56M$ from WFC. Sounds horrible, lets see what market think about it :D