RE:Is today news is Good or bad?amendis wrote: Why AGN went down so bad? News said up trend.
Well that was a short round of euphoria before the dump. The price builds up in anticipation of trial news coming out. The Company adds to the drama by announcing a halt. The halt lasts through the close and then the news comes out and there is nothing exciting in the news. It is just an announcement that could have come out as regular news release with no associated halt. Everybody is quickly deflated and punish the price. Have we seen this before? Yes, not only here but many other stocks as well. Another one of those standard operating procedures for Venture stocks it seems. Build everything up for a quick letdown. The price would likely have absorbed a regular news release much better.