I’d like to invite you to look at a recent, not atypical, four day chart of a stock. In this particular case, it’s SiRF Technology Holdings (SIRF).
As you can see, the stock gapped down from the $25-$26 it had been trading at to the $19-$20 range. You see this kind of thing all the time when “bad” news comes out.
The question I’d like to raise today is: who set the price?
Continue Reading 11 comments Friday, Aug. 11, 2006
by Dan
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Filed under: Stocks, Technical Analysis, Fundamental Analysis
