When the stock market drops, smart investors don’t panic, they pounce. Stephen ‘Sarge’ Guilfoyle, contributor at TheStreet Pro, shares how to identify the best stock bargains when prices plunge.
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STEPHEN ‘SARGE’ GUILFOYLE: For those of you that this isn’t your occupation, that you do something else with the productive hours of your day. So you only get to look at the market a few times a day. Just stick with what you know. When you do get those discounts on the stocks that you have conviction in, you do have to pounce. A few days ago Monday, especially during the everyone who watches this and and reads me knows that I focus on stocks that trade under $10, or at least use the trade under $10. So my core names from that portfolio the Palantir, the pelotons, the, the Rocket Labs, the sulfides. I bought all those names on Monday during that meltdown because those are the names. I’m long them. I’m long a lot of them. And a few days later, some of these stocks are trading significantly higher. So when you have the names you you really believe in. And you do get that 15% off sale that you would, that you would grab in a store. If you were looking for a shirt or a pair of pants, you got to do that with stocks too.
