RE: They say clouds are hanging over Darktrace7 Sep 2022 15:15
Clued. As to ML I guess they are trying to prove he knowingly inflated sales and revenue by selling fictitious services to friendly customers and then hid it fraudulently. Certainly the FD did time for that.
As to Mr Market in general, he always over reacts, as do investors. In the good times they get over enthusiastic, in the tough times, like now, they tend to go the other way. In general it feels like this hasn't bottomed out but then maybe I'm being over pessimistic. If you have read Danny Kahneman's Thinking Fast and Slow you'll know that people get less satisfaction from winning an amount than they feel remorse about loosing the same amount and are more willing to gamble on long odds trying to regain a loss than protecting a win. Hence so many of us hate to cut our losses and end up losing more.
Roll on results tomorrow and £8 bid from TB... or not. ATB