LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: Coz who wrote (2755)	11/18/1998 9:33:00 AM
From: LastShadow	Read Replies (3) of 43080

FORE and a comment on Rumors FORE - nope, no preopen indication, so sales, no change to yesterdy's bid/ask spread at close yet. Rumors I view most rumors online, on this thread or any other online source as false or too late. It is analgous to a Good TImes Virus warning from someone's nephew or neice on AOL or MSN. If you are hearing it here, do you really think its news? I have a few contacts in the financial markets, and a few traders I hae had a long association with. If they tell me they heard something, then I will spend a littlem more time doing my Due Diligence on that ticker, but will still base the buy on my own assessment. Buy on rumor, sell on news was a good rule back in the days where it took a day for the trading mass to get moving on something, but with the speed of news dissemination on the net, I have to say that my experience says whatever they tell you is probably only interesting, or good for a short possibility. lastshadow

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