RE:RE:RE:What is causing this down trend? Suka123 wrote: People don't panic and sell at a loss like this for no good reason. I'm asking if there was anything in the news today that caused this.
Yes they do. The PP announcement, alongside a sector wide decrease signfincantly affected the SP. When the halt happened, people expected good news, but it was nothing more than an addendum to the PP news. Mix all those together and people got frightened. Rather than losing everything - which will not happen by the way - they opted to sell. This was probably a mix of inexperienced investors and penny flippers.