Earnings rose 93% for the quarter, beating analyst estimates. Yet the stock has been on a steady decline from $165 per share on July 30 to a current $130 ($129 in after hours). I don't understand. The yearly trend has been a steady rise. Is the subprime mortgage crisis to blame?
=( I purchased shares at $137.98..
2007-08-03 15:41:26 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Hahaha good thing I'm not investing with real money.. I've been investing online with fake cash for about a week, just trying to learn here. =) Would you recommend I sell while my losses aren't too great or should I wait it out?
2007-08-03 17:45:55 · update #1
Supply and demand. There are more people/shares looking to dump the stock rather than keep it.
It could be people who made a lot of money & are getting out. It could be fear of all stocks going down. It could be a Mutual Fund selling large share positions. Too many sellers consider it over priced. Or anything else you can think of.
A look at the daily one year chart shows that MA clearly left its "channel" on July 24th. The stock is way below the 10, 20 & 50 day moving averages. There is no support until $115.00 - $105.00. This is an incredibly scary chart.
Your question clearly shows that you shouldn't be investing (right now). Take a year and learn investing. The way you're investing sounds more like gambling than investing. You've just had an expensive lesson.
2007-08-03 17:14:28 · answer #1 · answered by Common Sense 7 · 1⤊ 0⤋
Most stocks follow the market's direction, which has been down.
2007-08-03 22:53:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Credit debt is taking toll on the industry.
2007-08-04 00:08:08 · answer #3 · answered by Anonymous · 1⤊ 0⤋