I've used this to my advantage over the past few years, as soon as a "big corporate scandal" breaks the stock tends to fall. Check their financials, buy the stock if it looks good, then wait a few months for it to all blow over.
My most recent was Wells Fargo during their opening accounts scandal. Bought early Oct, Sold late Jan. 20.06% profit.
There were so many headlines calling for boycotts of Wells, and to teach them a lesson with your wallet. In the long run people just don't give a damn.
For every one person saying: "Uber is evil, don't use them" There are ten saying "Meh, its cheap and convenient."
I've used this to my advantage over the past few years, as soon as a "big corporate scandal" breaks the stock tends to fall. Check their financials, buy the stock if it looks good, then wait a few months for it to all blow over.
My most recent was Wells Fargo during their opening accounts scandal. Bought early Oct, Sold late Jan. 20.06% profit.
There were so many headlines calling for boycotts of Wells, and to teach them a lesson with your wallet. In the long run people just don't give a damn.
For every one person saying: "Uber is evil, don't use them" There are ten saying "Meh, its cheap and convenient."