<<However to say "IBM is a pos" and then to get blindsided by a good report and say "I'm shocked, shocked to see the flim flam going on here, it's a conspiracy" is very weak market thinking, imo.>>
True. As individual investors, I believe we have to realize that the Brokerage Houses, the companies, and the Federal Government all generate actions and news items which move the market, often violently, in whatever direction they wish. We all can cite many examples of news releases and reports that were released in a timely manner just when a stock or an index was at a critical juncture.
I guess the game is as much anticipating the manipulators, as doing actual fundamental research. If you can anticipate the government will always release good numbers, why not get on their side, even if it goes against your common sense? If you can anticipate Merrill Lynch is babysitting a certain stock, why not get on their side, even if it's a dogshit company?
P.S.
I wish I could make press releases that would move a stock up 10 points on demand! I would just buy a few thousand call options, then sell them after the stock jumped! Ah, the ocean is so big, and my boat is so small....
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