RE: US drop15 Jul 2020 19:03
Its always the same. People don't read but panic and sell up. My broker told me a story once about an oil company which did a share sconsolidation something like 100 shares to 1. I think it was Dragon oil. AT the time it was hot and ready to pop. Except one of his clients didn't read the RNS. He returned from work to see that his shares had risen by X 100! He probably caught it on Ceefax. In the pub that night he spent a fortune and bought everyone drinks all night. The next day he phoned the broker to sell and cash in, only to be told the very bad news!