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I was wondering why, after a good earnings report, PAAS would drop as much as it did this morning?
Normal…. sell the news
Do not know, but one option could be that the “professional” analysts had misjudged the numbers beforehand, again.
Thanks!
Maybe because it had increased 50% over the last 45 days and was due for a pullback. Nothing goes up in straight line without sizable pullbacks along the way. I would look for it to fall back to the $18 area.
Normal…. sell the news
Do not know, but one option could be that the “professional” analysts had misjudged the numbers beforehand, again.
Thanks!
Maybe because it had increased 50% over the last 45 days and was due for a pullback. Nothing goes up in straight line without sizable pullbacks along the way. I would look for it to fall back to the $18 area.