It's a conditioned response, Stockhunter.
Pavlov trained a dog to salivate by presenting food and ringing a bell.
Later, just the sound of the bell was enough for it to salivate.
ADO shareholders have been trained to expect disappointment following bullish announcements. Not one of them has ever come to fruition. So, when the latest ANN was issued about the battery NDA and impending Polaris report, the SP did what it is accustomed to do....went down.
FHC
Share Price Direction, page-3
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