Square Stock: Why This Bearish "Falling Knife" Could be Caught
There's a general belief on Wall Street that to make money, you should follow the herd. Case in point: when stocks stage strong upward momentum, traders will jump in and join the party. Investors just need to cognizant of when to exit.
The reverse happens with downward momentum; traders will dump shares and run for the exits-sometimes with little regard for the overall picture.
Take the case of former momentum stock Square Inc (NYSE:SQ), which surged to a record $101.15 in October 2018.
Since then, Square stock has unfortunately been caught in the rinse cycle, down by about 43% from its.
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There's a general belief on Wall Street that to make money, you should follow the herd. Case in point: when stocks stage strong upward momentum, traders will jump in and join the party. Investors just need to cognizant of when to exit.
The reverse happens with downward momentum; traders will dump shares and run for the exits-sometimes with little regard for the overall picture.
Take the case of former momentum stock Square Inc (NYSE:SQ), which surged to a record $101.15 in October 2018.
Since then, Square stock has unfortunately been caught in the rinse cycle, down by about 43% from its.
Den vollständigen Artikel lesen ...