4 ms·
Classic unfolding of buy on rumor and sell on news. Before solid news came out, the hype drove the stock high. Now that the Model 3 news has been steadily com
by ww520 9y ago
Classic unfolding of buy on rumor and sell on news. Before solid news came out, the hype drove the stock high. Now that the Model 3 news has been steadily coming out, it's time to sell. GS is just following the basic sentiment swing.
- _rpd 9y agoAnd even if you believe that the stock price should be $500, it pays to sell on something that is widely perceived by others as a sell signal and then buy back in when the stock price is lower. Very little long term information is provided by this short term drop.