posted on
Mar 29, 2011 02:11PM

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Message: Re: Confused
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Well, to be honest, I thought this latest price action a little strange too.
I could just chalk it up to "buy the rumor, sell the news", but I think that might be glossing it over a bit too much.
At the risk of sounding paranoid, it looks more like some person or persons knew about the timing of the news release and "front-ran" the market.
In other words, the action I see looks like what I would expect if the news was released two days earlier than it was.
Not "exactly like", mind you, but "somewhat like".
Maybe some investors were foolishly expecting a "blockbuster beyond belief" news release rather than the "more or less what was expected, with more to come later" type that it actually was.
With the raised expectations, they might have been disappointed (by the price action and/or the actual release) and decided to bail?
I really don't know, but there are usually a plethora of imponderables, and over the short term the market can do many (very many) unexpected things to investors therein.
I am just holding on for the longer run as I am confident that it will come, someday.
Actual value will eventually show up in the share price.
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