The stock of course, in light of that news up 5 or 6 points this week, ... But we still like the stock a lot, and on any pullback we'd be a buyer.
About this quote
- What does it mean?
- Despite recent gains, the speaker still views the stock favorably and sees pullbacks as buying opportunities.
- In plain terms
- The stock is up, but the speaker still wants to buy if it drops.
- What can you take from it?
- Pullbacks can offer entry points for those bullish on a stock.
Where it applies
Putting it to work
Questions to consider
- When is a pullback a buy signal?
- How do you stay bullish despite drops?
Another view
Buying on pullbacks assumes the trend will continue.
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I'm not really happy with the volatility. What I am happy with is the market's ability to rally after these sharp declines.
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