Why does TIBX always underperform the market???? Big day up and TIBCO ends close to flat
TIBX is always a step behind the market. Also notice the daily trend almost every day when the market is up, the stock usually runs up early if the market is up and then continues to sell off most of the early gains throughout the day and then ends flat. What a real POS.... I cant think or a worst run company than TIBX over the past two years.
The big players have a lot to do with how this stock performs. For instance, Markets were really down yesterday, yet Tibx held up quite well. .
My guess is, that today the big players today were waiting to see how Microsoft -MSFT- would do in their earnings. Their report came out after-hours today, and it turned out to be very favorable: Microsoft's profit UP 17 percent; and last time I checked, after-hours, MSFT was up a couple of dollars.