We are now where we were 3 months ago last earnings report
For those paying attention, we re EXACTLY where we were before we sold off last earnings report.
Why? If the sell-ff 3 months ago was so warranted, and this company is worth less, why is the stock now back to this same spot and higher than the sell-off last earnings report?
Because it is worth more. Profit taking by companies occur for whatever reson. I have no idea where those who sold at 53 and less after the last earnings report have actually made so much more money in the last 90 days than they would have just holding this company.