The beleaguered PG&E Corp. (PCG) is likely to sink still lower in the days, weeks and months ahead. The stock price has plunged in the past two years and we have to look back to 2001-02 to see when prices were this low. This kind of decline tells you there are serious fundamental problems.
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While today is certainly risky, and DIS has earnings coming up next week, I would look at today as an opportunity to put on a position in DIS that is somewhat longer term.
The market was looking for an excuse to sell off and come back to more normal levels, and now we have the pandemic that is the coronavirus.
These are signs that can guide you to great opportunities.
Let's review the charts and indicators.