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EricHiggin said:
Wyrdness said:

That's a common practice sell to lower price then when it drops buy it back to profit when the price recovers and goes even higher due to the sales.

Even more common for the drop in stock price to happen in advance of the event, if the plan is to make bank on the recovery, not typically during or after. During or after is not a good sign in general.

It was dropping before the event.