2007-07-19 08:33:55 · 2 answers · asked by michael b 1 in Business & Finance ➔ Investing
1) Customer trade volume (7%) and and trading revenue (3%) fell. Cost cutting measures accounted for much of the good numbers, not a good indicator of growth.
2) Schwabb also came out and said they had no interest in buying them (some of the stock value was inflated due to the slight prospect of a takeover).
3) typical buy on the rumor sell on the news action.
2007-07-19 08:44:27 · answer #1 · answered by KevK 2 · 0⤊ 0⤋
Hopefully you're not trading in the market. The answer is pretty basic. It is what it is.
I'm not trying to be a "wise guy". Everything could be great, but a Mutual Fund could be selling the shares just to get cash to buy another position. Maybe the stock has been over bought. Maybe some rich guy needed the money. Maybe the "market" already "priced in" the .26 cents a share they earned.
Please only be involved in the market when you fully understand it. Read some books on investing. Don't buy something just because the talking heads say it's a good buy. Don't buy on a hunch. Be very careful during "earnings reports".
Don't gamble.
2007-07-19 08:52:09 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋