I work in agricultural research.
Whenever we see a chart with a bunch of up and down peaks we say it looks like the stock market.
If there was an answer as to why then every investor would be a millionaire and the stock market wouldn't work.
RNF was up today because it ex dividends tomorrow, 75Cents per share. So today was the last day to buy the dividend. People will pay a little more for a stock to buy the dividend.
Yes, on some stocks I am a "day trader." And there's one stock I've held and reinvested and reinvested and reinvested in for over twenty years. It's made a lot of good money for me and I do this to make money, not to prove anything.
One of the most interesting days I ever had was back in 1989; I was working at Charles Schwab and knew a lot of people who wiped out on Black Monday. Seeing how quickly people can lose everything they had made me appreicate just how much a gamble the stock market is. So I respect the market, I ask questions when I can't see an immediate cause for a dramatic shift and I survive. And I make good money.
i dont understand u people
stock dropped a buck then came back strongly.
didnt u people ever hear of the word profits.
u mean according to your investor minds owners of this stock should never sell till u tell them.
each investor makes his/her own decisions they dont need your permission and if stock up sharply in a short time frame yes there are some who like and take fast profits.
as for me i think this area going forward has a bright future.
last time i looked nitrogen a cheaper fertilizer then potash.
however there maybe stock offerings in the future as well as down time for mainetance.
thats when u should see a real drop.
at that time im sure this woe is me crowd will be flooding this message board with their chicken little prouncements that the sky is falling.
EX passed on Tuesday, profit takers are selling. I consider this to be a normal current market condition. For holders, wait for your favorite entry point and buy.
This company's future looks good to me.
There are lots of reasons that a stock price can drop 4% in twenty minutes; a vice president of finance resigns, an explosion, a channel trend movement, just to mention a few. For some reasons, I'll buy more, for other reasons I'll hold, for other reasons I'll sell.
But, in the moment, before I do anything, I'll try to find out what's happened. And if I can't find anything, then I"ll go to a message board and ask a question.
Unlike some, I'm not under the illusion that I'm omnipotent.