• skulblaka@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    13
    ·
    8 days ago

    On 6 July, 2009, United Airlines opened at $3.31 and dipped to an intra-day low $3.07 (-7.25%) on 10 July, but that very day closed at $3.26 and traded as high as $6.00 (+81.27%) four weeks later on August 6.[20]

    There it is, nearly instant profit

    • Ghyste@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      4
      ·
      8 days ago

      That’s exactly what the phrase means. I can guarantee you that smart traders made a good chunk off the dip.