RATE Group | Bitcoin Bump And Why Tiffany Rallied 10% Last Week
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Bitcoin Bump And Why Tiffany Rallied 10% Last Week

29 Oct Bitcoin Bump And Why Tiffany Rallied 10% Last Week

Posted at 04:28h in Bitcoin News by

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After Friday’s strong performance in the market, the PreMarket Prep show focused on follow through in Monday’s session and listeners were not disappointed. Since the futures markets never went red in pre-market trading, it was evident the sell-off on Friday’s close was another “buy the dip” opportunity.

Strength In Tiffany’s Last Week, Explained

On several occasions when an issue has a particularly strong week on no news, the news comes out the following week. An excellent example of this is the $10 bump in shares of Tiffany (NYSE: TIF) last week, rallying from its Oct. 18 close ($88.49) as high as $103 before ending the week at $98.55.

Over the weekend, it was reported Louis Vuitton (OTC: LVMUY) wants to buy the company for $14.5 billion, or $120 per share. The company could reject the $120 bid and seek a higher price.

During the broadcast, the issue far exceeded the $120.00 offering price by rallying to $132.44 in pre-market trading. The co-hosts of the show urged taking some profits…

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