Why I’m Not a Day Trader

On July 27, Wright Express (WXS) came out with a good earnings report. The stock then dropped 5.4% that day.
The market then had second thoughts. From July 28 to this past Monday, WXS rallied nearly 9% to reach a new 52-week high.
The stock dropped 3.7% yesterday and it’s down over 4% today. Despite the ups and downs, there hasn’t been a major piece of news or information to judge Wright’s business since the earnings came out.

Posted by on August 11th, 2010 at 10:20 am


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