Originally Posted by
pptp
Can I ask two (maybe dumb) questions?
-I follow CO stock daily and I've noticed that almost EVERY Fri it goes down and every Mon it goes up. Is this typical and wouldn't it be an easy way to make some money every week?
- I've noticed on more than one occasion that when quarterlies are released, with a profit, the stock goes down significantly. Is this because they didn't meet expectations or is this just normal?
Many people sell stock they dont trust on Friday so they dont have to hold it over the weekend and buy it back on Monday. I guess you could buy it at the close Friday which, theoretically would be the low of the day if your theory is right, and sell it on the bump up Monday. But crude oil closes later on Friday and opens on Sunday afternoon, so you have added commodity risk holding stock that is directly effected by the oil futures market.
I dont know about the quarterly deal.