GREY:ALARF - Post by User
Comment by
ckwongon Aug 30, 2017 4:54pm
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Post# 26639307
RE:RE:RE:RE:No news from Alaris
RE:RE:RE:RE:No news from Alaris
This equity is very volatile. This is not the first time that has such kind of movement. Today is the top of last 52 weeks. The other volatile date was Aug 3 this year down $1.72 (7.8%) to $20.58 and the volume was 472K shares which is higher than today's 345K. If you consider someone who could push down $1.72 and bought back at the low level, it would not be a bad trade to sell it at $21.76 on Aug 16.
Another example is July 27, 2016. It was down $3.83 but this was due to news. If you trust the management, hold on. Otherwise, get out of the kitchen so that you can sleep well at night.