Aurora &... Investors should never stuck with a sector or a stock. A few years ago, while oil prices falled like a rock, some continued buying oil and gas stocks. They are down all, no matter which stock they bought.
Now some of you continue to buy into the weed bubble. You'tr looking for the bottom, but it is too early. In the meantime, other derpessed sectors are in start of their recovery.
Take a look to an example of the aforementioned oil and gas sector:
| | | | 11/14/19 | $ | | | | 11/14/18 | | 18/19 | Price | |
| Crude Oil | | | Close | Change | | | | Close | | Change | YTD | |
| – Daily Spot – | | | —————- | ———— | | | ————– | | ———— | ————– | |
| Syn. Swt. SCO @Edmonton | (US$/bbl) | | 54.89 | -0.69 | | | | 25.75 | ^ | 29.14 | 56.76 | |
| Edmonton Mixed Sweet | (US$/bbl) | | 49.19 | -0.39 | | | | 22.00 | ^ | 27.19 | 52.08 |
As you can see, the light oil prices have more than doubled yoy, while energy stocks haven't react yet. Fund managers aren't forward thinkers, they will wait for the results and the analysts estimates.
The question is, are you a forward thinker or a late follower?