It is an interesting observation to see that Loeb, a man who's lineage derives from a family with 100's of years of banking experience, waited for the deadcat bounce to sell those 8 million shares. It was very good timing. You could also say that his reaction was just the most common sense thing to do at the time considering the market was in freefall, but hindsight is 20/20
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.