May it is factored in, it is falling since very long time. Everyone knew crude was falling and so the company profits.Cover at initial reaction, everyone was short in this stock whose results was obvious to all.
Many times some stocks rebounds even after bad results.
If there is bottom is in place for crude then it may be last chance for shorts to cover in cairn too.
Happy trading :thumb:
Many times some stocks rebounds even after bad results.
If there is bottom is in place for crude then it may be last chance for shorts to cover in cairn too.
Happy trading :thumb: