It dipped again, with some post-close recovery. The positive earnings momentum lasted a grand total of one day.
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@hp You nailed it. On Friday, February 6, 2026, the Dow Jones Industrial Average broke 50,000 for the first time in history. When the major indices (Dow/S&P) surge 2-3% in a single day, the Index Funds (ETFs) and High-Frequency Trading algorithms automatically buy everything in the basket to rebalance. OpenText rose ~10% (to ~$25.07), but look at the context. Everything rallied. Nvidia, AMD, and the banks all surged. We didn't win anything. The rising tide raises all boats. We just happened to be in the boat when the tide came in. This is a textbook "Dead Cat Bounce"
FYI - 10% increase on a ~$20 stock = $2. In the past 3 months stock tanked from ~$39 52 week high and remains below the low hit when MB announced earnings miss on a Friday and was kicked out by the board on a Sunday. Rising tide lifts all boats on Dow 50K day, the $2.00 10% increase should not be celebrated as bullish.
Are you high? It’s up 10% since results. Calm down guys.
All of the pain money can buy.
This place is a depressing shithole, run by sleazy and dishonest executives. I need to start looking for another job.
@ba You can still short now.
Put your money where your mouth is.
Enterprise software companies do die quickly, it’s slow as companies slowly migrate to more modern platforms. Death by 1000 cancellations.
I should have shorted when I wanted to a year ago.
Dumpster fire.
If you're still at OpenText, leave.
No shares, stock vests or anything you own of this company will be worth anything.
Last one out of Waterloo, turn out the lights.
🚀 lets go
@OP Earnings weren’t released until after the market closed today. The climb you see is from after the earnings were released.