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Question for stock traders.
Sprint stock started dropping big time just before the EOD, and I bought in on the way down.
It dropped another 20 cents or so, and then closed at what I thought was 3.65.
Thirty minutes later I check again to see which direction the late trading is going, and the stock EOD price shoots up to 4.10.
Not exactly complaining as I should make a nice profit tomorrow, but can someone explain what happened..??
The EOD spike is near verticle.
Sprint stock started dropping big time just before the EOD, and I bought in on the way down.
It dropped another 20 cents or so, and then closed at what I thought was 3.65.
Thirty minutes later I check again to see which direction the late trading is going, and the stock EOD price shoots up to 4.10.
Not exactly complaining as I should make a nice profit tomorrow, but can someone explain what happened..??
The EOD spike is near verticle.