As recently highlighted by @pelo,
$NOW (-0,2%) dropped roughly 15 % after-hours, pushing the stock below 50 % of its all-time high and triggering one of my predefined buy orders.
The market reacted harshly to management's guidance, despite good underlying numbers. Sometimes the market punishes a stock not because the business is deteriorating, but because expectations were even higher.
Whether the correction continues or not, only the time will tell ⏳ That's why I rely on a rules-based strategy instead of forecasts.
