Hi all, I would like to hear an expert opinion if i can.. I have been thinking about it for a while, and with the COVID-19 situation and all the oppertunities there are, i had the idea to invest in a certain company i will share via DM's. It's Important to note that the company has a lot of cash saved on the side, and a lot more assets to liquidate and get through the situation. The company is not in an all time low, but I was thinking that if i'll hold it for some time, i can get 200% return profit. Do you think the market will go down like it went down in 2008? should I invest in this specific company? (I am looking to hold the stocks for around 2-5 years) Thanks ahead, and sorry for the lack of knowledge.
This is a rare opportunity to buy good stocks are panic prices. Things to consider are that you might not be catching a bottom, things might get worse. Also that the company you buy needs to be able to get through this recession and be profitable again.