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'Dumpers'-- Making Money on a Bad Story

 

Most traders act like they're in high school. But instead of pursuing the opposite sex, they pursue money -- at least during trading hours. Let me tell you a story to illustrate my point.

I was a moderately popular sophomore (way back when), when WHAM! I got the hottest girl in school to go out with me. Then everyone was my friend. Unfortunately, she dumped me weeks later after she saw how I danced -- and instantly so did all my new so-called friends. My "real" friends came back a week or so later, after my bad news had worn off. I was a dumper.

The same story holds true for "dumper" stocks. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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UP
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UP
7.70
UP
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