I noticed several times for several stocks a massive dumping and lowering of price in the last 15 min of trade. I know it's a momentum tactic to sell a stock at the end of the day if it trends downwards, but occasionally I get to see this massive decline even for stocks that traded during the day upward. Do you have any insight into this phenomenon and if it is possible to discern situations when it is likely to happen?
Last time I got burned was with a stock on its last cum dividend day: the price was a bit high, it looked like it would get higher, and I bought around 3:00pm. And then the massive dumping began at 3:45pm and I was mesmerized as to why people would dump it in the last 15 min when they would have a chance to reap the dividend.
Submitted December 23, 2015 at 08:44AM by arfl http://ift.tt/1kgXN0Q
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