I researched this stock and decided to purchase at ~7.2 a small while back. Yesterday and today it looked like I made the right call and saw the stock rising, so I thought I'd go in again at 7.8. I watched it rise to 8.23... only to decline to ~7.6. How can there be so much promise on the tails of such a good report only to have the stock begin declining for the day and possibly end up in the negative?
I don't intend to sell, but I'm curious how this can even happen? What causes a stock to fall from such a good upward momentum?