Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: DWCraig who wrote (5871)	8/22/2000 8:34:20 AM
From: SteveDavis	Read Replies (2) of 19428

I would separate "news" that is fundamental in nature versus "news" that is more subjective ie upgrades/downgrades. If the company makes an earnings surprise announcement on the downside that is negative fundamental news that has changed the perceived value of the company. PE has changed and thus must be re-priced. As a trader there will be opportunities while everyone tries to decide what that new price should be. When the market was very nervous a month ago you would see a company preannounce in after hours an earnings shortfall. BAMM!! that stock would open the next morning off 50%. If, and it is a big IF, one could get a short off, there was money to be made. JMHO Steve Davis

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