Rob-
It depends upon how well followed the stock is. A year and a half ago, ZIGO reported better than expected earnings, and the stock didn't respond. I bought a lot of stock, and 2 days later, the stock jumped a lot. I called the company and they said it must be related to the earnings announcement. I was shocked at the delay. That's a bit unusual, but with small companies, the individual investor with real-time quotes and news can slip right past the institutions. I wouldn't count on it with a big company, or even a company like THQI anymore, because it has gained enough attention to be constantly monitored by institutions. Frequently, it takes institutions several minutes-several hours to react to a stock's news. If you happen to see it first, you can profit. It works better for good news than for bad, because fear and panic are more powerful than greed. Accordingly, institutions are much quicker to sell than buy.
Todd |
