not to be a debby downer on you, but short-term fluctuations in any given companies stock-price is rarely indicative of anything. there is a whole side of trading built exclusively around “event trading”. see something negative in the news? open up a short-line on that ticker to crash the price, see how far emotional gamblers take it down…then cover for a solid profit.
considering the type of people generally on lemmy, i imagine your already quite disillusioned with the state of our society but if for some reason your a glutton for punishment and want to become even more disgusted…there’s a book I highly recommend you read.
Reminiscences of a Stock Operator, written over a century ago as sort of tongue-in-cheek guidebook to how this casino we call the stock/futures market (that we have seemingly tied our entire economy too…) really operates, everyone who trades professionally is familiar with all the fundamental ideas laid down in that book, any that arent don’t survive a recession/crash cycle.
not to be a debby downer on you, but short-term fluctuations in any given companies stock-price is rarely indicative of anything. there is a whole side of trading built exclusively around “event trading”. see something negative in the news? open up a short-line on that ticker to crash the price, see how far emotional gamblers take it down…then cover for a solid profit.
considering the type of people generally on lemmy, i imagine your already quite disillusioned with the state of our society but if for some reason your a glutton for punishment and want to become even more disgusted…there’s a book I highly recommend you read.
Reminiscences of a Stock Operator, written over a century ago as sort of tongue-in-cheek guidebook to how this casino we call the stock/futures market (that we have seemingly tied our entire economy too…) really operates, everyone who trades professionally is familiar with all the fundamental ideas laid down in that book, any that arent don’t survive a recession/crash cycle.