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It's a strong assertion to say that it edged up based on news possibly getting out. After the NASDAQ halt yesterday the NASDAQ composite as a whole edged up. MS
by smoorman1024 13y ago
It's a strong assertion to say that it edged up based on news possibly getting out. After the NASDAQ halt yesterday the NASDAQ composite as a whole edged up. MSFT's movement looks correlated to this broader move.
https://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC&ei=mGoXUomMCYLk0gGnmwE https://www.google.com/finance?q=INDEXNASDAQ%3A.IXIC&ei=mGoX...
- mathattack 13y agoGood point. I was thinking it was rumors getting out because of the gradual nature of the move, but I think that you're right. Traders were slow to put orders back into the market, which created a gradual drift up, rather than an instant reset in the market when it re-opened.
- smoorman1024 13y agoThat said, I am one to believe that news always leaks at least to small indirect parties. It's not in those parties interest to spread the news or bet big enough to attract attention. It happens though.
- smoorman1024 13y agoIt here is some speculation about said inside information. I emphasize speculation. http://www.zerohedge.com/news/2013-08-23/call-it-ballmer-game-who-knew-what-when http://www.zerohedge.com/news/2013-08-23/call-it-ballmer-gam...
- jvm 13y agoNasdaq is up only .5%, MSFT is up 7.35%. Given that MSFT has high weight on the Nasdaq, a 7% move for them probably accounts for a large proportion of that .5% overall move.