i did a three month long study of disaster stocks and my conclusion was that if it doesnt bounce immediately the first day it will work its way lower or settle until the fourth of fifth day. so if a stock gets slayed on monday, you would look to buy it for a long trade on thurs or friday for a few days trade.
ps: i was incorrect about attributing that remark to farley (as it happens).recently i read chris farrell, who suggested buying a bad news stock at the open as one of the safest short term bets.
Wow, Interesting. I used to get my market stuff from Chris Farley and Will Ferrell. I've found my trading has improved since I stopped <G>
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