Marc, I can understand your reasoning, but for afterhours, some people =cannot= trade afterhours, and the rules are restrictive, so the "nimble" argument is somewhat negated.
Everyone has their "horror stories" of all sorts of news. Unfortunately, the market is a different animal these days. Ten years ago, there was no internet trading, and an announcement like AAPL's would have been maybe a 10% drop. It is not as if they announced losses. Now, everyone extrapolates, because you see an Intel or Apple take a huge hit, so you figure ALL bad announcements will cause major damage..even collateral damage (e.g. YAHOO on Priceline announcement).
I foresee many people exiting the markets in the next 12 months, for just this reason. If so goes INTC, where goes your Malibu cos. for simple "business vagaries"??? |
