Capturing Opportunity By Fading The News by Perry J. Kaufman
Is there an opportunity to sell a rally following a stock upgrade or other bullish news on a company? Heres a test to find out.
Just like most of you, I watch the financial news and listen to their recommendations. Sometimes the stock price jumps after an upgrade or falls following a downgrade. My trading platform shows daily upgrades and downgrades, plus a score next to a news item indicating whether the reaction should be bullish or bearish ...