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Stock impact report

It's Time to Buy: 1 Oversold TSX Stock Poised for a Comeback [Yahoo! Finance Canada]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
When you're looking for high quality value stocks to buy, it helps to pay close attention to those that have been heavily sold off in recent years. While a stock going down doesn't necessarily mean that it is cheap in the valuation sense, many stocks with attractive valuations are found in the “oversold” pile. One reason for this is loss aversion: people fear losses more than they desire gains, and so they tend to flee from companies going through temporary problems. The fact that such problems are often temporary escapes people: they just know that the situation is painful and they want the pain to end. So, stocks seeing heavy selling, particularly when the heavy selling is caused by an overreaction to bad news, often have quality value plays hidden amongst them. The question is how to find them. The true answer, unfortunately, is that they're often found only after many months of in-depth research. With that said, I have noticed one stock that has been trending down in price sinc Show less Read more
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