|Fucking stock market...|
Fucking stock market...
Feb. 20th, 2004 @ 11:54 am
Oi. We announce earnings yesterday... beat expectations... increase marketshare more than competitors... demonstrate consistency... and our stock price is down $.50 today. Granted... it's not much, but at what point does the fuckedupedness of the "new economy" go away and investors decide to buy companies that are doing well? the fringe benefit is that while the stock does occasionally go up, it seems to continually give in to gravity and hover below the price I sold all of my shares at a month ago. :)
Current Music: Intiution - DJ Encore
It's not just the current market. It's always been like this.Buy on rumor, sell on news.
|Date:||February 20th, 2004 02:30 pm (UTC)|| |
It is pretty typical for the street to have factored in the earnings expectations prior to the announcement so a drop after the announce is not unusual.
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