Here's Why I Was A Buyer Yesterday

May 10, 2022 5:08 PM ET, , , , , , , , , , , , , , , 166 Comments

Summary

  • Last week I wrote an article for Margin of Safety Investing subscribers explaining the bear market and why there would be a few rebound rallies.
  • With the monthly RSI touching oversold and liquidity not actually much tighter yet, one of those rebound rallies could occur through late in the month.
  • For those of you looking to trade these rallies, you can do that.
  • For those of you looking for a rally to sell into, you should do that.
  • The bear market has at least one more leg lower to go, but if oil remains expensive, expect 2 legs lower and possibly 3 legs lower.
  • Looking for a portfolio of ideas like this one? Members of Margin of Safety Investing get exclusive access to our model portfolio. Learn More »

Price crash and bear market

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This article was written by

27.48K Followers

Kirk Spano is the founder of Bluemound Asset Management, LLC and has managed money for a wide range of clients since 1995. His passion is helping hardworking people make more money with less risk. Kirk’s investing group Margin of Safety Investing features his stock and ETF focus lists, trade alerts, option selling for income and macro analysis. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PBW, ARKK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I own a Registered Investment Advisor - Bluemound Asset Management - however, publish separately from that entity for self-directed investors. Any information, opinions, research or thoughts presented are not specific advice as I do not have full knowledge of your circumstances. All investors ought to take special care to consider risk, as all investments carry the potential for loss. Consulting an investment advisor might be in your best interest before proceeding on any trade or investment.

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