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Stocks are rebounding. Someone made it off like a bandit this morning.
by rdudek 11y ago
Stocks are rebounding. Someone made it off like a bandit this morning.
- knowaveragejoe 11y agoCould be a dead cat bounce: https://en.wikipedia.org/wiki/Dead_cat_bounce https://en.wikipedia.org/wiki/Dead_cat_bounce
- drcode 11y agoDisney stock was down almost 10% this morning. HOW POSSIBLY can it be rational for Disney stock to drop 10% because of a single day of rough trading in the Shanghai market, especially given how much Disney has dropped already in the last few months? I considered that the buying opportunity of the year. (knock on wood...)
- Throwaway1224 11y ago"extra" personal cash dries up disney customers have a high income elasticity proportionally larger revenue drop for disney
- rdudek 11y agoWell, it will really depend on how well Star Wars does.
- JabavuAdams 11y agoInvestors are not rational. EDIT> Why would you choose Disney over Google, given the choice? FYI I own both.
- drcode 11y agoI'm actually prone to believe in EMH, so I agree there's very few "bargains" to be had. That said, bargain hunting has worked for me statistically in the past, and even if it's hard to justify rationally I will continue to attempt it, since EMH just argues that I'll likely break even if I'm wrong. > Why would you choose Disney over Google, given the choice? My three big buys early this morning were Disney, Google, and Sony... I certainly think this is a good time to own Google. (Caveat emptor)
- JabavuAdams 11y agoInteresting, thanks. I've seen and read about too much back-room dealing in various industries to believe EMH.
- czinck 11y agoIf you're gonna look at crazy swings, I have an S&P smallcap 600 index tracking ETF that was down 40% at open. The index itself was only down a few percent, just buy that, wait for liquidity to return, and bam 30% ROI in a few minutes. Just had to be quick enough to get in before the halt.
- forgetsusername 11y ago>HOW POSSIBLY can it be rational for Disney stock to drop 10% People being forced to liquidate positions (margin calls, panic) and no buyers.
- pcurve 11y agoPlunge Protection Team doing its thing. https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets https://en.wikipedia.org/wiki/Working_Group_on_Financial_Mar...