When research firm Gotham City released a scathing report on Quindell PLC (LON:QPP) (OTCMKTS:QUPPF), leading to an immediate and dramatic 50% drop in the share price, did this represent a classic moment behavioral economists would call a self fulfilling prophecy? Is the Quindell report from Gotham an example of a “run on the bank rumor?” Such are the thoughts of Richard Stephens, a trader on the Premier Execution Desk at IG Group Holdings plc (LON:IGG) (OTCMKTS:IGGHY) in London.
IG Trader Compares Gotham Report On Quindell PLC (QPP) To False Bank Run
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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