mitis you can never read anything into market sentiment. sometimes investors try to pre-empt sentiment, and create a false sentiment that others then read and use to try and pre-empt an announcement. The june spike was a classic example of that, where a few posts by a popular poster (Fib) lead to a few other popular posters talking up the stock, which lead to a mad frenzy, which lead to the company being forced to prematurely disclose merger talks that nobody actually knew anything about, which lead to other posters suggesting that the spike was inside activity, which it clearly wasn't, as the minute all those investors left, the volumes dried right up and nothing became of it.
trying to read sentiment can become a self fulfilling prophecy, with the downside being that if you get the call wrong, you could either buy something that is about to tank or sell something that is about to fly.
the news shouldn't take too long, probably needs to get translated, maybe there'll be further detail that will need clearing by the board. don't forget that in January the company were crucified by the market for not announcing the court outcome the next day, with again market readers misinterpreting "sentiment" as being inside information, and selling out, when the reality was just that there was nothing to announce. and the bayan announcement was another example of traders reading "sentiment" incorrectly and selling just before a big spike once the announcement was better understood.
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mitis you can never read anything into market sentiment....
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