Some statistics that might help you understand how we could be down over 6% today.
There have been 71 trading days in 1998, including today.
35 have been down days; 34 have been up days; and 2 have been flat.
Out of the 71 days, 22 of them have seen the stock price move less than 1% on the upside or downside. That's 31% of the days when Rambus didn't give us a heart attack.
35 days out of 71 (almost half) have seen the price move less than 2% either up or down.
13 out of 71 days (18%) of the days, the stock has closed over 6% different from the day before. That's an avg of one day each week when we have huge gains (or losses).
On 4 days, the price has moved over 9% in one day. (They were all on the upside, thank God).
However, there have been 7 days (almost 10% of the total) when the stock has dropped over 5% in one day. Not fun at all.
Basically, I know these numbers might bore some of you. But, after a day like today, I find some solace in trying to figure out why the hell we got hit so hard.
Answer: with this stock, it's not that uncommon. As I posted earlier, after the last earnings report, we had an identical sort of day. Doesn't make me feel better, but that's the way it is.
Let's hope for one of those 10% upside days VERY SOON. <ggg> |
