Calumet Specialty Products: Falling Knifes And Investor Irrationality

slowmotiongli/iStock via Getty Images Even companies like Calumet Specialty Products (NASDAQ:CLMT) with its brilliant future can experience the dreaded chart pattern labeled falling knife. Investopedia defines one, "[f]alling knife refers to a sharp drop, but there is no specific magnitude or duration…." Investors generally consider an unhindered drop without relief, a falling knife. This pattern is more prevalent with illiquid entities. Someone with a large enough position decides to exit regardless. S ...