OT: could show that the 10 cent drop... SDC, SGE - fatwollit
in response to
by
posted on
Jul 25, 2007 12:23PM
I have probably not recalled corrrectly.... I do know this happened months ago, so it wasn't the Nokia license - must have been NEC and the PubBat thing (where the post hit the next day, a Friday as I do "solidly" recall). Nonetheless, the post in question came mid-morning, and within half an hour we were done 10 cents (+/-). There was a bit of a rebound by the end of the trading day, but we still ended down. The point was the nearly immediate reaction to the post with a sell off, mid-morning on a Friday, the day after good news. I could see no other explanation for it.
Did the '584 reject error post happen right after Nokia? I think so, and there was some reaction to the down side on that one too (not as dramatic).
Bottom line, as unbeliveable as it may seem, I'm sure I witnessed this sort of thing, where it appeared the most plausible explanation was that it was a reaction to a negative post. And when I did, I made a big deal of it because it appeared so obvious.
SGE