That 20% drop brought its stock value back to where it was a year ago, which was an all-time high for it then. Investors that have held it for longer than a year can still sell it at a profit.
But no one is talking about investors holding stocks for more than a year in this comment chain. That's tangential to this comment chain, sorry.
And to your point, investors could have sold for over 25% of profit as well if they had sold it earlier today. So I still stand by saying that this is huge change. Besides, this thread is not about long term, just invest in index funds so I just fail to see the point.
I was coming from the perspective that there is really no such thing as a short term investor, because when you sell, you are dependent on what people think the long term prospects of the stock are.
And to your point, investors could have sold for over 25% of profit as well if they had sold it earlier today. So I still stand by saying that this is huge change. Besides, this thread is not about long term, just invest in index funds so I just fail to see the point.