IG Trader Compares Gotham Report On Quindell PLC (QPP) To False Bank RunMark Melin
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.
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible