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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 | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
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