From your post, it is obvious that you have never been through a sell off like this. Take a look at ORCL. As soon as they gave guidance to the quarter, their stock stopped sliding, if for any reason, to buy time until the sell off is over.
You assume that a recovery to the $28-30 level is a no brainer when in reality, we could have been basing there instead of where we are now.
The significance is huge whether your a trader or long term investor.
BTW, it seems apparent your not too fond of traders. Just remember, most of those so called "investors" arrive to the party after it has started and reap the rewards of us traders. It's also times like this where all those so called investors are heading for the exits and hence, the large declines. Traders don't stay long. We just run the price up in the short term, many times in and out before you even noticed. I bought this as a trader originally on the assumption if it didn't bounce, I would become an investor for the long term.
Jobs better defend his stock. It's also his most prized currency.
Sabre! |
