I think these sellers are News Traders.
The adage "buy the rumor, sell the news" recognizes that rumors have one effect on a security's price and news can have the opposite effect.
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I think these sellers are News Traders.
The adage "buy the rumor, sell the news" recognizes that rumors have one effect on a security's price and news can have the opposite effect.
News traders focus on trading in the time leading up to the news or immediately after, when the market is still reacting to the news.