Is it me or does it feel like when a stock melts up unexpectedly 8, 9, or even %10 in a day, then falls the next couple days with positive news from the media. Looking at you OKLO. Then you're just left with this priced in valuation. How do you gauge these things?
Posted by playstationjeans
6 Comments
Pump and dump. Those in the know pump up the stock prior to the actual news release. This pump attracts retail interest. News comes and dump to retail.
Most stocks get most of their yearly gains on 7-14 days of the year or something.
That’s why time in the market usually beats timing the market.
If I stock runs up 10-15% in a day then I’m sure there’s a fair amount of profit taking….especially if investors see it the same way as you that the stock often falls the day or to after the huge gain.
I’d say take the gain, let it ride down 5-7% over the next day or two, then scoop back up more shares.
Obviously it doesn’t always work this way so that’s the risk. But at the very least you’d have some gains.
Buying the rumour selling the news
Buying speculative memestocks with no fundamental value will do that.
It’s up 31% YTD and has no revenue or product and you’re complaining?