RE: TLSA price5 Jan 2022 20:05
Denny, you need to distinguish between momentum investors and investors who brought the stock accidentally.
You are suggesting that tens of millions US investors accidentally got both the stock they were investing in wrong and also the price wrong, which as already pointed out, was miles apart between TLSA and TSLA. It’s non sensical that so many investors would make the same dual error during the same period.
Momentum investors will trade on hot stocks that are rising and will look at boards such as stockwits which show the percentage/rise of sentiment and message volume.
It’s a FACT that there was a share ratio change during this period and it’s pretty obvious it affected price movements compared to previous and since price movement.
I understand the Robin Hood phenomenon and this would have encouraged the upward SP as many Robinhooders wouldn’t have been aware of the ADR ratio change.
The Robinhood effect will hopefully come again and hopefully next time it does, TLSA can consolidate the gains rather than see them drift away.
It was good to see GC acknowledge this during that Dechart conference.