I find it strange when people try to equate share price movements to future unknown fundamental events. Even looking back at EYE's history we can see this is not the case. If this were the case, you would never get positive returns after an announcement as the "insiders" would have priced it in. There would be no point of investing in stocks, as everything would already be priced in. I could give you a list of stocks from Friday that rallied on the back of good news, which would indicate that the insiders did indeed not know. Any DXB investor could certainly tell you this, that stock had the most depressing chart of any and then boom, a partnership announcement followed by additional positive news sent it soaring 1000% in a few months! Surely insiders would've know that was coming and the price would have rallied before hand? Same for DRO, BOT, CU6, and really all the high performing names. They all start as the most depressing stock charts, which is why they perform so well after the catalyst event. Not only must the pessimism be reversed, but the fresh news must be accounted for.
It's really as simple as a lack of news flow combined with bad market conditions especially for smaller stocks and EOFY selling. Investors and traders are impatient, not predictors of the future.
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