In Tim's written course, he mentions "Rumors" as a negative sign in a stock. I've linked this page below. Does this mean that anything said about a company (good or bad) which can't be totally confirmed is a bad sign?
And can you give an example of a rumor about a stock?
https://www.timothysykes.com/penny-stocking-101-how-to-get-started-with-penny-stocks-chapter-6/
Posted Jul 17, 20 2:09 AMbygolfr7k
Categories
Fundamental Analysis
I am not certain however, I believe that what Tim means is that a rumor can be influential on a stock if it is circulated enough. Good or bad. He discussed how rumors can drive a stock up as well as down in his lessons. Example: Rumor about Disney purchased a 5% stake in GNUS the other day made the ticker spike around 60 cents and then it crashed back down as the rumor was verified to be a fake. Not sure if that clarifies anything for you but good luck on your week!
@DaveMags Thanks! and i gotcha. And good luck to you as well! :)
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