Q: Peter and Staff
Having rode too many up and back down well below my cost , I am troubled as are most with the behavior of this stock. I was not smart enough to get in at $30 and am not barely above water. Recommend to hold past earnings.......can I assume it is panic selling ahead of earnings?
Thanks for all you do
Dennis
Having rode too many up and back down well below my cost , I am troubled as are most with the behavior of this stock. I was not smart enough to get in at $30 and am not barely above water. Recommend to hold past earnings.......can I assume it is panic selling ahead of earnings?
Thanks for all you do
Dennis
5i Research Answer:
Unless disclosed (insiders for example, or fund positions monthly/quarterly) sellers do not tell us why they are selling. The drop seems harsh to us, but is 'probably' nervous nellies before earnings or simple profit-taking. April has been a tough month for a lot of sectors and stocks. There has been no negative news and no reason to really expect any. The stock has risen after earnings for 11 straight quarters, so maybe some investors are just selling against this trend, as it is quite a streak.