All this information on earning was out before SPO stock went down to 33.85 closed @33.92 in 7 days of trading stock was back to closing price of 35.38 now you tell me why 32 million shares we bought in SPO did not sell at high? Do you think they waited till it was at 30.30 to sell?
>>Do you think they waited till it was at 30.30 to sell?>>
YES!!! A THOUSAND TIMES YES!!!
That's the definition of "weak hands". They buy high and sell low. People, as a rule, do NOT make money in the stock market because of this basic human emotion...FEAR!
I am writing a book which includes this very fact. These same folks will wait until the stock is pumped or there returns a time of rising tide and then they will buy in, say at 35+, only to bail on a panic day, like today. That is why it is called "Panic".
Swimming against the tide once more I kept my calls in place and bought actual shares this morning. Although it's nerve wracking at times like this I remember very well how well we made out thanks to the gift we received when buying shares the last time we had a flash crash. Wasn't that a terrific ride? You betcha!
I keep telling myself that I'll take a break after this run, but I know me... I won't. *lol*