Barn Door Closing

"Barn door closing, in the horse protection sense, refers to undertaking behavior today that would have been profitable yesterday. Investors seek to reproduce actual or imagined past investment successes by investing today in the same way." [...]"In the first row of the table, we observe an economically large and statistically significant positive coefficient, [beta]5 in the base regression, on equity returns, which is consistent with barn door closing." Zeckhauser, Patel and Hendricks (1991)