lynchy:
Eddie stobart logistics,34% up today
If shares fall from say, 100p to 10p (90% drop spoken of…) and then recover to 13.5p (35% rise) - then that ain’t nothing to write home about - seriously.
It’s not even what’s known as a “Dead Cat Bounce” in the financial industry.
A full “Dead Cat Bounce” is defined as a 50% retracement of a large move, in this case a climb of halfway of the drop made. This would have been a bounce to the 55p level.