Normal those that are in the know (loaded up days/weeks/months prior to the announcement) are the ones getting out and selling to those that waited for the announcement confirmation or the novices whom are unaware on how the market works.
It is much easier to sell a large position when the stock has a good positive announcement than no news at all.
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- SP Price drop after positive announcement
Normal those that are in the know (loaded up days/weeks/months...
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