I have to correct myself: Apparently this "crash" was caused by margin selling. In other words your friendly brooker notices that his clients are over the margin requirement for a given security and advises his client to come up with more cash or he will liquidate some holding to comply with margin requirements. Liquidation obviously means any price offered. The astute reader will know that bid/ask prices are, frequently enough, drastically different before markets open and with a liquidation order in hand the broker will execute right the very first second and from there on snowball effect takes over ( stop lose and more margin calls ) you get the idea. Now surprise, surprise brooker also have a trading department and surprise surprise also trade on their own account. But of course these are separate departments. Just to prevent any conflict of interest. Little sarcasm here. So fellow investors: continuously educate yourself and be very careful in the dschungel called the stock market or you will become someone breakfast.
Yes, but to the tune of 50%? I got out before X-Div date and wait until ADLW corrects because "Investors" foresee some weakness and lower earnings!!! But 50% so fast. When the dust settles I'll buy.
The share price is supposed to reflect the value of ALL discounted future revenue streams. Very often investors/markets overreact. That is where opportunity comes in!
You are forgetting that any ETF trades at a premium or discount to its intrinsic value .
ADLW reached 52 week high ! Profit taking mostly, Option expiry in 2 weeks, general market is selling off. Lots of red today!