/biz/ - Business & Finance

>>18560041
Yep. Looks like losing that $20 pseudo support broke the dam. She's going frown charlie brown.

>>18137032
Seems like forever ago futures moving more than 1% in either direction was a rare occurrence.

>>16582015
>Next is WKHS getting the USPS contract and not budging because it's "priced in". Horseshit.
This is one of the reasons I don't trade on fundamentals. You get all worked up about news and then pissed off when the thing doesn't do what you think it ought be doing in reaction to said news. It was, I wanna say about a year an a half ago, I was trading my old (shit) strat of half TA half FA kinda winging it, I was holding GOOS in to earnings knowing to a fairly high degree of confidence that they would beat. They did beat. Buuuuuut the stock dropped 12.5% that day and another 3.5% the following day. A real fuck me kinda move, I thought. The thing is you need to expect the market to do things you don't understand. That's why staying diversified across a number of sectors is important, being cautious, taking partial profit, and so on are all important.

Speaking of GOOS, I just glanced at their chart and see it did a dump on earnings beat this year in May that was way worse than the one I held through: earnings beat, -31%. How about that? lol.