Q: Wajax (WJX) and Genivar (GNV)
Two-part question:
I have recently added these to my (beginning-investor) portfolio, only to see (abnormally-large?) large drops in recent days in both stocks. In general reading on various investor sites, both of these are identified as "currently-oversold" -- what does this term mean?
I understand the police raids on GNV's office are likely a significant factor in that share price drop (?), but can you offer any insight into what's happening at WJX?
(I added both to my portfolio for what I think were and still are sound business reasons, and have no intention of bailing out!)
Two-part question:
I have recently added these to my (beginning-investor) portfolio, only to see (abnormally-large?) large drops in recent days in both stocks. In general reading on various investor sites, both of these are identified as "currently-oversold" -- what does this term mean?
I understand the police raids on GNV's office are likely a significant factor in that share price drop (?), but can you offer any insight into what's happening at WJX?
(I added both to my portfolio for what I think were and still are sound business reasons, and have no intention of bailing out!)