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  • demasibob demasibob Jun 25, 2011 11:08 AM Flag

    LOOK FOR AN INTRA-DAY WASHOUT

    collie

    When Xerox was in its heyday, and had the only copier, I distinctly remember the stock doing just what you said.
    There were many planted rumors that another company was going to come out with a better copier.

    The stock had come down from 325 to 140.
    On the washout day, it dropped from 140 down to 125 intra-day, turned around and closed at 143. From there, in the next two years it went on to make an all time high.

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