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XenaLives

11/12/19 10:57 AM

#17477 RE: Hoghead7 #17473

Agreed, the relative stability of price at this level is an excellent sign, IMO.

It means that the HFT playas are scared that big money will jump in and they won't be able to finish their "ripping off retail" scenario.

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why_meil

11/20/19 10:58 PM

#18978 RE: Hoghead7 #17473

up 30% one day then down 25% the next day wouldn't be a net change change of plus 5%. It would be a net change of minus 2.5%.

For example, a stock is priced at 100 bucks. Then it goes up 30%. The price is now $130. Then the next day it loses 25% (or -$32.50) so the price is now $97.50. $100 to $97.50 is a net change of minus 2.5%.

Some people wrongly believe that if their stock portfolio goes up 50% this year and then down 50% next year that they will break even (no gain / no loss). When in fact, their portfolio would actually lose 25%.

Funny how math works that way.