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To: Fungi

His post makes sense to anyone who follows the markets.

If the release of bad news causes the share price to go up, that means that selling has been exhausted and that buyers had been waiting for all the decks to be swept clean. You’ll see that sometimes when a company takes a write-down on a questionable asset or when it cuts a dividend that the market thought was unsustainable.

In this case, the market was discounting that poor quarterly performance and with its release the focus shifted to the possibility of a rebound. On top of which, Tesla holders were aggrieved that its CEO was showing only peripheral attention to its problems.


9 posted on 04/22/2025 3:50:29 PM PDT by Miami Rebel
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To: Miami Rebel

I follow the markets and it was still jibberish.


10 posted on 04/22/2025 3:51:55 PM PDT by Fungi
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