Post by
flamingogold on Feb 10, 2023 9:58am
Pre-release gap closed
Jan 16 close was $56.91, the day before the early earnings report surprise which subseqently led to the 20% rally to $69. The stock is now below the Jan 16 level and will overshoot... how far is not my game. But, the rebound back up is just a matter of time. This is not 2018. This is not 2020. The numbers are just too solid for it not to.
Comment by
flamingogold on Feb 10, 2023 10:58am
"Nothing is clear cut" is right on. And.. also the reason why I prefer time in the market rather than trying to time it. One never knows when days like yesterday will hit which can wipe away a trader especially one who is on margin. I suspect many traders were caught cold holding a negative position and likely panicked causing a cascading wave of sellling.
Comment by
Truthifest on Feb 10, 2023 11:11am
Sounds like a reasonable explanation. And margin calls at the open this morning, too. Although of course the odds of success with trading are dramatically inferior to longer-term investing, I'm glad there are traders around. They enhance both liquidity as well as returns for momentum investors.
Comment by
BBDB859 on Feb 10, 2023 5:32pm
I agree that traders are necessary to give some volitily to the stock. Not as exciting as yesterday of course (hahaha). But at least, to give some life back to the stock. We were dying there for quite some time. This company deserves the Investment from every direction it can get it.