Now We Really Bottomed !!!!!

Originally posted by mattjclark


see that's funny, because I don't think this is news (although clearly the market thinks it is news).

I'm pissed because a biotech that I held overnight is down 7%, on a piece of news that we knew three months ago.
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Perhaps there is more news about to come out. We find that the stock movement always precedes the actual news. The biggee's like Enron are one thing, but even profit warnings come after the stocks have moved (insider selling...maybe....probably). That kind of thing...

Sorry about your Biotech!!

Don
 
Theres a fake gravestone on the wall of my firm...

JOHN FEINSTEIN
1975-2001
RIP
HELD OVERNIGHT

With markets like these, nervous nervous people, and news coming out (even if old) holding overnight is ASKING for trouble....dont even bother.
 
Originally posted by Don Bright


Perhaps there is more news about to come out. We find that the stock movement always precedes the actual news. The biggee's like Enron are one thing, but even profit warnings come after the stocks have moved (insider selling...maybe....probably). That kind of thing...

Sorry about your Biotech!!

Don
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Somehow it recovered, and I actually made a little money (maybe if I was a better trader I would have doubled down at the lower price, but that's not my style).

Thanks for the advice.
 
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