Stage 1 - No news release
"It's coming though, really, it's gonna be GREAT!!!!"
Stock price jumps, latecomers trying to get onboard
Stage 2 - Still no news release
"They had to get approvals and wrap up some details - this one is HOT, you won't be able to TOUCH it after news comes out, better buy NOW!!!!!"
Spike up and then a downswing, smart money SOLD at the open, rest of you were buying their exit tickets
Stage 3 - Pathetic news release that doesn't show up on the wires, but on some unofficial site, fax, etc.
"There was a mess up by the secretary, she didn't make the deadline for today"
"You'll see it first thing in the morning - we had a glitch"
"Those jerks a (PRnewswire, Businesswire) messed up, they'll re-release it tomorrow"
Stock price starts falling
Stampede for the exit
But WAIT, REALLY, they said it would hit after the end of business, and they're West Coast ya know, time differential and all....blah, blah, blah |
