So a scheduling move from one Wednesday to the next Wednesday of a court hearing to cancel 20 percent of the stock's tradable shares causes an instant 30 percent drop in the share price?
Of course.
That gives me an idea. I'm going to call my mechanic and ask to postpone today's new set of tires installation until next Wednesday. And if he says yes, I'll ask for that 30 percent discount!
Thanks daytraders! You guys are awesome with managing money.
Don't forget the wash sales, once traders start looking at the court website instead of trading with emotion we could see green today. This was merely a reschedule do to the revised motion filed today.