Monday, April 24, 2017 8:17:25 PM
Even a 99% drop doesn't mean anything until results are released, because in the end it's just buyers and sellers shouting different prices at each other, each with their own weird prediction about how things will turn out.
As a metaphor, the situation today can be described as a crowd standing in front of a scientist and a cage that is covered with a blanket. The scientist says there's a bunny inside, but he won't remove the blanket until the end of the month.
Meanwhile, the crowd is growing bigger and bigger and trying to guess what could possibly be hiding underneath that blanket. I mean we all know it's a cage, but what if it's empty and there's nothing to see?
Oh no! Some people in the crowd suddenly start to panic and make predictions about how the scientist is fooling everybody.
Some people walk away because they've convinced themselves there's no way a rabbit could be hiding inside that cage, while some people wait for the result.
Every other scientist has unveiled an empty cage, so why would this one have a rabbit in it?
In the end, nobody really knows what's gonna happen, and all you can do is either sit and wait, or walk away and laugh at the believers.
Either way, I'm sure this is going to be one seriously exciting week, especially if you are a shareholder.
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