Because good news indicates a relative high and that’s when you should sell.

Look at the 3 month chart. Strong quarter. Certainly doesn’t look like a deal I want to get in on

Wait, we shouldn’t be basing our investment decisions today on data from the past and projections from people with a vested interest in the stock going up?

But you literally are? By looking at past performance you are trying to gage when to sell at a relative high.

> Look at the 3 month chart

It took me a while to realize, but Yahoo charts was showing 3% up from Jun 30 to Nov 2. Turns out there was a huge drop on day 1, so where you start counting _really_ matters!

It dropped at the moment that they announced they were issuing a dividend. Before that it was pretty flat after losing ~2% throughout the day.

Coincidence. They've issued a dividend every quarter for more than a decade.