I see market corrections as opportunities to pick up quality stocks or add to existing stocks in my portfolio. "Be greedy when others are fearful".
Yes I am a long term investor and have a long term view for RNU and agree with the reasoning to buy at discounted prices when the market corrects. However I was actually referring about a major stock market correction which is very possible in the near future.
Firms such as Morgan Stanley and other large Wall St firms have predicted that the market is at risk of a MAJOR correction triggered by rising COVID-19 infections globally forcing the closure of world economies, job losses and increased pressure on the global inflationary and banking environment.
RNU will weather the effects of this better than other companies such as Retail, Hospitality etc due to their strong long term prospects for battery minerals however this is the reason I am cautious in the short term with any stock at the current time.
Many investors use risk management especially when they have limited funds and if the market experiences a major correction of course I will be ready to buy up. The nervous markets will remain that way for the near future so it is wise to keep cash aside when the market does correct. All of course IMO.
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