The rich who were selling at the time wouldn’t have sold at a loss (they would be those who bought while the price was even lower at another point in time, which could have been this year since in January or was trading at ~250 and it dropped to ~290 due to this week’s events), other rich people bought the dip and sold the same day to day traders trying to make a quick buck.
The rich who were selling at the time wouldn’t have sold at a loss (they would be those who bought while the price was even lower at another point in time, which could have been this year since in January or was trading at ~250 and it dropped to ~290 due to this week’s events), other rich people bought the dip and sold the same day to day traders trying to make a quick buck.