Originally Posted by
buncs
I am actually going to pose a general question to the experts, but it mentions PEB, so I thought it OK to pose it here.
As a very junior in trading I have in my first few weeks come to the general conclusion that shares move more on promise and speculation than on real hard "getting real results". Three of the stocks I have been following have exemplified this, one of which is PEB and the others, I apologise, are ASX stocks.
PEB - all looking good on promise of a start in US. They get the OK for the lab, and down goes the share after the biggest highs.
BSL - Bluescope Steel. All going well with news of joint venture with the Japs, then bingo, down it goes when all signed up with them.
AUT - Aurora Oil & Gas. Similar thing. Share price rising on promise of acquisition of more drilling land (Eagle Ford), and down it goes when all signed and sealed.
Are these observations of mine what generally happens with stocks?