There is no "the market". Its an illusion perpetrated by larger players to make you think you have some control. The shareprice will go where they want it to today. Ask yourself how this news could possibly devalue the company a further 5 percent. Disappointed? How could anyone be disappointed with this.
If this goes down then you will start to question why you are in a stock that cant even lift off this type of momentous news. You'll end up thinking your prospects are better off on a bank stock. Meanwhile, they'll acquire at this level and outwait you.
Now people will start to post rationalisation the lack of movement, singularly attributing to management or some other individual factor. Human nature really.
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