Today’s post is a bit of a chart-fest to show you seven stocks that are selling at their multi-year lows right now.
The imprtance of stocks selling at their multi-year lows is one of the subjects taught on the free email course that accompanies the free ebook ‘How To Start Value Investing In 30 Days’
Walter Schloss is one of my all-time favourite investors and used to buy stocks that were selling at there multi-year lows as a way of getting ‘in at the bottom’.
He was/is not the only one to use this technique.
The the idea behind buying stocks selling at their multi-year lows is that if you are a buyer at such low prices (at or near that which the stock has previously ‘bounced off’) then you are giving yourself protection from downside risk.
By buying at or near price points that a stock has not fallen past before, you are entering the market at a point where the investing public could not stand for prices to go lower because there are no more sellers left at such low prices.
You are exploiting other market participants’ fear by buying at or near to the point of maximum pessimism.
With that caveat, here are seven stocks (and their charts) selling at their multi-year lows right now.
Acorn Energy (NASDAQ: ACFN)
Gentiva Health (NASDAQ: GTIV)
Imperva (NYSE: IMPV)
Lihua (NASDAQ: LIWA)
InspireMD (NYSE: NSPR)
Quin Street (NASDAQ: QNST)
Uni-Pixel (NASDAQ: UNXL)
All charts courtesy of Yahoo! Finance
I’m going to trust you to not just go out and buy these stocks without doing any research.
Enjoy your weekend 🙂
Disclaimer: I have no positions in any stocks mentioned and no plans to initiate any within the next 72 hours. I wrote this article myself and I am not receiving compensation for it. It expresses my own opinion. This article is for educational purposes only.
- Stock Market Investing With Walter Schloss
- Why Graham And Dodd Is Still Relevant Today
- The Value Investor Report
- How To Find Undervalued Stocks
- How To Give Your Portfolio A Margin Of Safety