Expert Says, 'Buy Selectively in This Vulnerable Market'
Contributed Opinion

Given the recent rallies in markets and ongoing concern about another leg down, we have few buys at current prices right now.

Most positions are marked “hold” which is not necessarily a prelude to a sell. In most cases, it is because of valuation or concern about a decline in price in the relatively near term.

As always, the “buy below” price in the current recommendations combines what we think a stock is worth as well as the price at which we think it is reasonable to think it could be purchased in the near term.

I am sure that in the next month or two, we shall have a lot more buy recommendations. In recent months in the regular Bulletins, nearly every stock on the list has been rated as a buy at some point, many more than once. In this market environment, we want to be selective, not only in what we buy but when and at what price.

I also expect to have some sell recommendations in the coming months to make space for some new buy recommendations when appropriate.

Adrian Day Disclosures:

Adrian Day’s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. www.AdrianDayGlobalAnalyst.com. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor’s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. © 2022. Adrian Day’s Global Analyst. Information and advice herein are intended purely for the subscriber’s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

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