this post was submitted on 30 Apr 2024
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Time to short the stock then, if they are not gonna invest in their own future.
Layoffs tend to precipitate big stock price jumps in my experience. Investors love job losses
Once again confirming how sociopathic the stock market can be.
It’s because of the massive short term gains.
I made several thousand dollars in the stock market by buying stocks that announce layoffs. They almost always jump after the announcement unless it has to do with other circumstances like bankruptcy.