as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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buy on dip when earnings fail?
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what is cheap? a stock may fall from $20 per share to $10 per share, but it may have gone from making a $100m profit last year to a $100m loss this year. so now at $10 per share it may still be considered expensive. you need to be very careful when to consider that a stock is cheap or not, you'll have to look at more than just the share price.
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