If your were CEO of a company and had something good to share with the market; and the stock market was in a free fall or correcting sharply ....would you release the good news? No effect on the PPS whatsoever?
I am not presuming that every CEO in America practices this reality; but if a CEO was smart and tried to time it properly....they most certainly would consider it.
Wall street is a dirty game..its not always about whats right; its about what works for influenced interests (I am sure you can read between the lines).
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