Posted by dbray740 on 10th of Sep 2008 at 09:57 am
I think they want to keep things fair, and so they do it so that
eveyone has time to assimilate the information before the market
opens. That may not be the reason, but it's one possibility.
Posted by pepperwu on 10th of Sep 2008 at 10:00 am
It is just bad practice to release hugely market sensitive
announcements during trading hours. In any case, most
exchanges suspend a stock for 15 minutes after market sensitive
announcements, so either way, the announcement will be factored
into the next trade
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I think they want to
LEH
Posted by dbray740 on 10th of Sep 2008 at 09:57 am
I think they want to keep things fair, and so they do it so that eveyone has time to assimilate the information before the market opens. That may not be the reason, but it's one possibility.
It is just bad practice
Posted by pepperwu on 10th of Sep 2008 at 10:00 am
It is just bad practice to release hugely market sensitive announcements during trading hours. In any case, most exchanges suspend a stock for 15 minutes after market sensitive announcements, so either way, the announcement will be factored into the next trade