QUOTE(infested_ysy @ Sep 1 2020, 08:26 PM)
I still remember the comments I read 2-3 weeks ago.
"glove fever is over! people are now looking for defensive stocks! banks are defensive! buy buy buy now, they're at all time low, buy now and profit like crazy when economy opens up"
Always remember, pretend like all of us are retards. Nobody will risk their money just because they heard a retard said something is good.
My original plan to enter bank counters was to beat fd, hence the continuous purchase of banks stocks in recent weeks.
They are cheaper compare to pre covid quarters and was expecting the upcoming dividend.
However, dividend was not materialised for this quarter and imma wait for next year to see them coming.
I have no worries holding banking stocks during the current downtrend because they will be recovered in the near future as seen from previous economic crisis.
Key of holding banking stocks for now is patience.
And at the same time, i will continue to collect a few more lots if prices hit to March low.