Q: Peter and His Wonder Team
Earlier today I wrote in about GES quarterly report. All factors considered I thought it was positive and showed progress. In your reply you said the turn around was moving "nicely". I agree with you. However Mr. Market sees it differently. The stock is crashing...down over 15% on heavy volume. So what do you think is going on. Were expectations too high? Is this just profit taking on a stock that has doubled this year. I think this stock must be a day traders delight for it seems very volatile. Your thoughts please.
Thank you!
Earlier today I wrote in about GES quarterly report. All factors considered I thought it was positive and showed progress. In your reply you said the turn around was moving "nicely". I agree with you. However Mr. Market sees it differently. The stock is crashing...down over 15% on heavy volume. So what do you think is going on. Were expectations too high? Is this just profit taking on a stock that has doubled this year. I think this stock must be a day traders delight for it seems very volatile. Your thoughts please.
Thank you!