|
PureBytes Links
Trading Reference Links
|
Ben Warwick's "Event Trading" is a statistically enhanced version of
this trick for futures; see
http://www.teleport.com/~znmeb/biblio.htm#[Warwick96]
--
M. Edward Borasky znmeb@xxxxxxxxxxxx http://www.teleport.com/~znmeb
If God had meant carrots to be eaten cooked, He would have given rabbits
fire.
-----Original Message-----
From: Walt Downs <knight@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, January 09, 1999 22:39
Subject: Re: TRICKS OF THE TRADE
>Thom,
>
>Thom, you don't have to spend that kind of money to get good
>ideas. This list can be a good source. :)
>
>If you want to trade earnings suprises, here's a little
>trick:
>
>Purchase the Value Line weekly report. Note `all stocks that
>have been given a rating of 2. Get yourself a DTN feed, and
>program in the "news" ticker to alert you when news comes out
>on theses stocks. If an "earnings suprise" is issued for one
>of these stocks, then buy it at the market.
>
>Your chances of getting a short term surge in momentum are good.
>In addition, if Value Line then upgrades the stock to " 1 ", many
>investors will now step in to buy it and you are in on a nice
>trade.
>
>I'm not the only one to think of this. Andrew Goodwin also mentions
>this strategy in his book, "Trading Secrets of the Inner Circle".
>
>Walt Downs
>CIS Trading
>
>
>> The main thing that caught my attention with the "tricks of the
trade"
>> course was that using one of the methods you buy in to a stock being
>> affected by earnings reports of upgrades at the open then sell it
about
>> a half hour into the trading day,hopeing to "scalp" 1-2%...then go
off
>> to your regular job. Is that realistic? I could play daytrader and
keep
>> my original line of work. Perhaps the book suggested would cover that
>> stratagey at a fraction of the cost. book-$95...course $877.
>>
>
|