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I'll have to check my datafeed, but it doesn't seem like there was a disproportionately large amount of volume after hours. The major players and insiders don'
by steve8918 15y ago
I'll have to check my datafeed, but it doesn't seem like there was a disproportionately large amount of volume after hours.
The major players and insiders don't get out after the earnings release, they get out weeks before during the distribution phase. Most after-hours action is algo-bots and retail investors.
The real action starts tomorrow morning, so get your popcorn ready!
- powertower 15y ago$300 down to $80 in a span of a couple of months on news of a known/expected 3-5% of users leaving, while profits are increased, I would say count as "disproportionately large". The way insiders work is like this... If they know they need to get out, but can't due to SEC insider rules (you can't sell a stock about to tank "just because", without getting in trouble later on), they take the first public opportunity to do so... On the release of any public bad news, that way their asses are covered.