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noname2200 said:
So speculation about events unrelated to actual performance made their stock go way up, and the failure of said event unrelated to actual performance has caused it to go down. Ladies and gentlemen, I present to you the world of modern stocks. No wonder Pachter's analysis is shit: he's working in a world where the rules are divorced from reality.

Im sure if stock trading/investing and all that goes with it was that one dimensional, there would be a lot more rich people in the world.  Im sure the stocks decline, against a backdrop of a ~3% rise in the overall market in Japan has a little bit more than just people going in an out of positions from an event that did not materialize.