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.
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