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Old 07-03-2022, 12:09 AM   #4304
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 22,984
Originally Posted by geroge.burns99 View Post
All I can think of is that these CEO's are buy the dip thinking its bottom...from prior lows

Theres 2 options.....

It dips lower so they buy again....averaging out

or it goes up and they are winners...
when stocks move up or down, there is usually some fundamental reason for it.

i brought up SOFI because there was some rumor going on that government was going to do something with them.. not only did the CEO buy in, but 5 or 6 congressmen did too. so i ate the story up for breakfast and went in with it.

if the rumor is ever true, the stock should shoot up 5 fold or more. its a big if though.
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