Like I keep saying, the SP is back to where it was JUST PRIOR to consolidation, so it is too early to call that it has dropped DUE TO consolidation. That will picture will unfold over the next few weeks or so. It could be postulated that there was a premature rise (which worryingly was known to a few the day before the ann) because it was (apparently) excitedly assumed that a big deal was about to drop [just revisit some of the posts on this forum to substantiate that]. This did not happen (yet), so naturally there was a substantial spike which has now dissipated.
I would love to have been a fly on the wall and be privvy to the reasons for the timing of this ann. The consolidation has not changed the fundamentals but that doesn't mean much because nobody on the outside has a clue about how those fundamentals are actually going.
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