Re: What are traders?
I have a question:
As many know the Blackberry system was down in North America overnight and into this morning.
The parent company RIM lost about 9% on the London exchange during the outage.
I see that it is gaining steeply on the NASDAQ this morning (RIMM).
It would seem to my limited mind that this would have been a perfect way to either pick up a long term position at a discount, or make a quick play on the obvious restoration in price that would presumably come quickly.
Is this something a 'trader' would jump on?
Was the hammering of the stock in London a fear-based trader-driven price drop?
Any insight traders would care to give on NIM's price moves over the past 12 hours would be appreciated, thanks.
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