Re: Different stock, same scenario and have been here before. Yep. What did Greenspan call it irrational exuberance, which is followed by a reset to reality. In many cases overshooting both on the way up and way down to the true value of the stock. The stock is down again today, however volume- push – is also down. Seen that before too. In any event the reasonableness from last Tuesday to today has not shown itself. Some may say it’s the short players, some may even say a drive down of share price for a merger. And other reasons as well. Nobody really knows. It seems to me the least likely is everybody woke up last Tuesday and decided to sell for no good reason. The volume is high vs avg during the period mentioned. So yes, anybody can pick a reason however as I write this nobody knows what the real reason truly is. So, I’ll hold my shares, add more at price points, grab some popcorn and sit back see what pops up for that reasonableness I look for.
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