RE:RE:Top GainersThese were my thoughts about the markets yesterday. Agree with the volatility but my opinion is, if you have extra cash, it is better to trade the volatility than buy and hold now and ride out the storm.
BudFoxx2020 wrote: What a crazy day. Dow reversed a 1000 point loss to close 100 point green. Once again I am just talking about the markets in general. Lots of retail got shook out today and probably bought back the close. It is another bull trap being set up and just confirms the bear markets. Going to see a lot more of these volatility. Which is great if you are trading, you will see a lot of them heading into the rate hikes. Long term, is not the play at the moment. Especially when the first interest rate hike hits. For those that are sitting on huge losses I would not recommend a sell here but if you have extra cash try to take advantage of these volatility by executing short term trades and narrow your losses. Cheers.
speedy99 wrote: SHOPIFY, the top TSE gainer from yesterday is already down 9 per cent this morning. Yesterday there were headlines that Shopify staged a stunning comback rally part way through the day. We will see what today brings for WELL and others. Volatility is all that can be predicted. But lots of opportunities to buy favourite companies at discounted rate, provided you are prepared to weather out further downdrafts in the short term.