My Favorite Stock To Buy On This Devastating Pullback

My favorite stock to buy on this pullback is Virgin Galactic Holdings  ($SPCE). As prior to this pandemic it had shown incredible strength going from $12 to $42 in just a few months before pulling back all the way down to $10. I believe once the pandemic recovers this stock will move back up quite a bit. Parabolic stocks with violent pullbacks tend to bounce back up before resting for a while.

Just keep in mind for those bears out there the stock market is no longer the economy, as it is propped and inflated by central banks including our FED. It's really just an inflation measurement tool. Try not to be too bearish as governments don't like markets to fall.

My Favorite Stock: Spotify

On my last post, I recommended Twitter with a buy of $28. On Twitter, I live-tweeted my purchase and sold today. I held for about a month, but it indeed paid off, with a huge 15%+ move after reporting earnings.

Bought $twtr on Friday https://t.co/33zYolufbV

— Chart Learning (@ChartLearning) September 30, 2018

My new favorite, as I have posted about before is Spotify ($SPOT). The good news is due to market conditions it's pulling back. I am unsure where is a good price to buy as with every IPO, it really lacks price history since the stock is so new. I am currently monitoring the stock's behavior and may decide to purchase for a quick/medium term trade in the future. However, it's worth noting they are reporting earnings next week.

Will Twitter Bounce Back?

For those following me throughout the years, would know I've made the most money in the market trading Twitter ($TWTR). Fortunately, there seems to be a new opportunity. Due to disappointing earnings, Twitter has pulled back. However, prior to this pullback, Twitter had been attempting to break $50. Using my proprietary analysis, I believe Twitter will be a good buy around $28 dollars. However, it may not get that low before it starts bouncing.