Amazing that the online pundits try to explain things such as Seeks drop by raising the spectre of disney. Like everybody woke up Tuesday morning and said, "Say, you know that disney deal that was announced ages ago? Maybe it won't pan out as well as I thought when I woke up yesterday morning." Pleeeeese.
Or maybe they woke up and thought, "Hey, there's no press release by seek today. Maybe the company's going under!" Sure.
Or maybe, just maybe, it had a real big day on Monday, and on Tuesday, people said, "Hey, seek is up pretty big, especially after its weak earnings, and I don't want to lose those profits like I did last time when it flew to 45 and dropped back into the teens. So, I think I'll sell some (or all) and buy it back when it drops because I really don't see why it jumped 4+ points on Monday when nothing significant happened."
Nah, it was probably the day without a press release.
SHG |
