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Sheep-Goats posted:Google "dead cat bounce." You usually (always?) have that after a big sellout. Part of it is that in general is a better strategy to sell parts of your portfolio that have done well to buy parts that have not if you have a balanced portfolio otherwise it will not stay balanced, and when a stock plunges its decreased price attracts a lot of these almost automated buys. Part of it is speculation on that one stock -- people/funds think it will weather X and buy because the price is good. There's also a really good argument that a 33% drop in stock price is an overreaction to the news that something like 15% of their business is going away in the next five years, but gently caress private prisons, who would ever buy stock in that?
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Aug 18, 2016 20:58
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Moridin920 posted:lol yeah but screw it im only holding it for a day to profit off other assholes buying this up I admire your "make money off of rubes" spirit.
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Aug 18, 2016 21:02
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80 cents an avocado? *immediately incarcerates self*
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Aug 18, 2016 23:59
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Moridin920 posted:i sold that CXW this morning when i woke up for a tidy 7.5% cuck cuck im gay posted:welp CCX is up 9% so if someone bought a ton of stock when it crumbled 2 days ago then sold it yesterday they made a pretty drat good ROI 
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Aug 20, 2016 10:54
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