"Feels like a leaky ship" lol. A leaky ship from a company who's...

"Feels like a leaky ship" lol.

A leaky ship from a company who's entire value proposition is providing security of information at the highest level of both government and private sectors? Just a slight stretch.

If you are a retail investor and you think like this:

"Positive announcement should = upward price movement"; and
"Movement on no announcement = 'leaky ship,' or something else nefarious..."

You need to elevate the way you see the market. That's not how this game works over the long term. In 2020 bull market it did, but not anymore.

If it were as obvious as "positive announcement = price go up?" then every Tom, Dick, and Harry woud make money long term. We know they don't.

The smart buyers who aren't in before the 4C, don't just pile in an hour after the 4C is released. They wait. They wait for the "positive announcement = price go up??" crew to get impatient after 5 hours and sell.... and VOILA... -7% on Tuesday. They then accumulate what they can and BAM.. then comes the move.. and those who sold on 4C day are scratching their heads until they say something like, "nah there must be a leaky ship..I wasn't wrong to sell at 2pm on 4C day for a 5% loss!"

The move today occured because of the 4C. Because of the webinar. Because of NDC Edge. Because of everything the company has done before today.

NB: Of course there are situations where a EUREKA announcement makes a SP run. That will always be a possibility. But broadly speaking, meaningful moves occur when the smart investors are set. And that's definitely not when retail expects them to be.