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John Pseudonym
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The price rallied because prices have very little to do with fundamentals.
Jul 23 09:30 am
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All Comments by John Pseudonym »Making Sense of Wachovia's 27% Bounce Amid Record Losses [View article]
Turn off the news and learn to read charts. Then you will understand why the price went up; because the charts said it was time for a rally.
We went from $60 to $10 in nearly a straight line down. That's way to steep and the coil was so tightly wound negative that it had to unwind to the positive and it did; mystery solved!