I agree about the phone conference vs webcast, however, SanDisk had a great powerpoint presentation at their last conference...
It's true that one has to listen to several conferences in order to recognize news that will create a strong price movement. But when one can recognize the news and its psychological impact, and one has the funds, the profit can be tremendous. I'm happy with a six-figure profit for each recognized revelation. I realize that I am not a 'Trader' with this approach and I admire 'Traders' who have the temperment and the skill (and the hardware/ software) to make money on the momentum and price movement regardless of the message in a conference.
Aegidus
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