|
Why does stock always lose its gains at EOD?
I own one stock that has lost most of its purchase value. I see a very consistent pattern in its activity since my purchase. During the day, the stock usually posts gains - some fairly impressive - but every day, inevitably those gains are lost and it always retreats with a loss for the day. This is how the stock shed over 50% of its value over a few weeks. Why is its behavior so consistent? Is there some market influence that would account for such odd activity?
|