John Dowd: My answer, even though it appears that there are two more, unread by me. My answer is the best, believe it.
The reason for the 2 point drop, is, "no reason." You have been following N for some time, just like the rest of us. This type of action is customary.
When a large block gets sold on a low volume day, there are not enough buyers to absorb it, thus, the price drops drastically. Treat this as a buying opportunity, because, it is usually followed by a recovery the next day, usually = to 1/2 the drop. Look for a 1 point gain tomorrow.
John, I noticed this stuff happening many many months ago, it sure shakes up a short term investor like me, when I have a long position, that is. I used to attribute the dumps to McCaws ex wife, or insider selling. Who knows, just expect it, when it happens it happens at the end of the day.
Al G., with his two rubles worth |
