RE: Why this afternoon's drop was a good thing16 Feb 2021 19:15
@Scottyb. It happens that a company are forced by regulation to put out a "speeding ticket" when a share rises quickly to stop any legal claim of insider dealing.
In this case it was the broker told Argo to put out a speeding ticket to conform to regulations, not Argo.
However, they know why we are rising. We're undervalued, and the market knows it so we're moving up in value and among other news, Nasdaq is getting closer and with it a substantial SP growth. Just look at the late reported trades.
Now the SP can continue to grow "legally" as no more speeding tickets are necessary.
So seeing the SP "snap back" is a very good sign.