Many investors were likely grinding their teeth yesterday, as the markets shed early gains to drop firmly into the red. Like Danny Bonaduce tossing Jonny Fairplay over his head, the indices took a turn for the ugly and didn't look back.
But not everyone was wincing. In the CAPS community today, CAPS player EPS100Momentum writes "thank god for yesterday's correction," adding that the drop presented good opportunities to pick up stocks that had gotten a little too hot.
He specifically points out China Finance Online
However, it still rings true that when the market goes down, you can do that Mr. Burns thing with your hands (eeeexcellent), rather than wringing them. A number of highly rated stocks on CAPS also saw their prices decline yesterday, including five-star favorites Cognizant Technology
More Quick Taking Fools:
Fool contributor Matt Koppenheffer does not own shares of any companies mentioned. You can visit Matt on The Fool's CAPS service here, or check out his blog here. GameStop is a Stock Advisor pick. The Fool's disclosure policy thinks Jonny Fairplay totally has a case.
More from The Motley Fool
Jabil Circuit (JBL) Q1 2018 Earnings Conference Call Transcript
JBL earnings call for the period ending November 30.
Think 2017 Is Bitcoin’s Best Year? Think Again
Bitcoin has gained more than 5,000% in two separate years, making 2017's gains seem comparatively small.
Amazon Ramps Up AI at AWS
As competition in cloud computing heats up, Amazon is taking steps to help maintain its dominance.