Why do investors dump their stocks when the price is at a multi year low just because the price is going down?.
Especially when there is no news and earnings announcement is a month away. The general economy seems to be going okay. That is the time to be buying or holding....not selling. Investors need to know why and what they are buying. Stock price is just one metric to use to value your investment. If you can't stomach a down turn, that is a sign that you are not diversified properly, don't understand what or why you bought the stock in the first place, and/or you let the current stock price dictate the value of your investment to you.
I doubt if the sellers yesterday had the following attitude when they originally made their investment:
"I'll buy this stock and hang on to it. If it reaches a multi year low, I'll sell regardless what the reason , if any, may be. Of course, I'll complain about the management and what a POS it is. I'll throw in a few complaints about market manipulators and shorts while I'm at it. It is definitely not because of my actions because I a good investor"
For the people who sold yesterday, could you please tell me why?
Hold strong...you will get paid!!!...Dont listen to all these haters...This company is strong and has been...They paid there dividend thro the recession and they will continue to do so after the rescission!
There are smart people and not so smart people. The smart people dumped their shares already. The not so smart people will wish they dumped their in a couple months from now. the smart people will be able to buy this garbage back for 40% less than it is now. You, you are one of the not so smart people.
You didn't answer my question....Why would someone sell their shares at mult year lows just because the price is dropping? Keep in mind, that there is no news regarding WIN and earnings are a month away. I didn't ask for your definition of "smart". With the benefit of hindsight, that's really easy to do. Any dummy can do it.