If you watch CNBC, you’ve probably heard an analyst say something along the lines of… “The time to buy is when there’s blood in the streets.” Essentially, this means that bad news can be a buying opportunity. #-ad_banner-#At times, that philosophy is correct. But it’s often better to wait for the impact of the bad news to become clear before buying. That approach explains why I recently told my Profit Amplifier readers that my indicator tools have a “buy” signal on mining giant Vale S. A. (NYSE: VALE). VALE fell on catastrophic news in January when a dam maintained by… Read More
If you watch CNBC, you’ve probably heard an analyst say something along the lines of… “The time to buy is when there’s blood in the streets.” Essentially, this means that bad news can be a buying opportunity. #-ad_banner-#At times, that philosophy is correct. But it’s often better to wait for the impact of the bad news to become clear before buying. That approach explains why I recently told my Profit Amplifier readers that my indicator tools have a “buy” signal on mining giant Vale S. A. (NYSE: VALE). VALE fell on catastrophic news in January when a dam maintained by the company in Brazil collapsed and killed an estimated 300 people. Dams are commonly used by miners to contain waste products, and Vale has more than 130 dams in Brazil. The company is now working to replace older dams with safer technology. The collapse was absolutely a tragedy, and I do not want to minimize that fact. Vale will work with authorities and victims to resolve claims and address other concerns, as it should. However, my goal in Profit Amplifier is to recommend the best available trades with the highest potential, and VALE’s stock is giving a “buy” signal. The… Read More