DOW 15,335.30 -0.12%

NASDAQ 3,496.43 -0.07%

S&P 500 1,666.29 -0.07%

VIX 13.02 4.58%
SPX 500 (CFD) 1,665.20 -0.07%

DOW (CFD) 15,331.00 -0.03%

NASDAQ 100 3,020.30 -0.02%

EURUSD 1.287 -0.12%
UK 6,753.30 0.48%

GERMANY 8,453.30 0.69%

FRANCE 4,022.80 0.54%

SPAIN 8,514.50 -0.78%
H. KONG 23,493.00 1.78%

JAPAN 15,351.50 -0.06%

KOREA 1,987.82 0.27%

SHANGHAI 2,299.99 0.75%
NAT GAS 4.10 0.17%

GOLD 1,386.10 0.14%

SILVER 22.83 1.17%

COPPER 3.35 -0.27%
FRANCE 2YR 0.19 -10.90%

GERMAN 2YR -0.01 82.76%

ITALIAN 2YR 2.18 27.59%

SPAIN 2YR 2.81 8.21%
FRANCE 10YR 1.88 1.08%

GERMAN 10YR 1.38 3.77%

ITALIAN 10YR 3.90 -2.04%

SPAIN 10YR 4.19 -0.33%
WTI 96.72 0.01%

BRENT 104.92 0.11%

WTI/BRENT 8.20

321 CR SPR 21.96 10.04%

Rule #1 Of Trading: Pay Attention To How Stocks React To The News, Not The News

By ggarbacz – Thu Jan 31, 2013 8:13am – No Comments

What matters more than the news, is how stocks react to news.

Case in point our recommendation on Monday of Arkansas Best (ABFS) a trucker. Their earning report was heinous. The stock started yesterday down 10% but by the end of the day it was higher.

This reaction probably drove the shorts crazy. No it did. We are in this name because 20123 is a huge turn around year and the shorts are overstaying their position. The one thing I have learned is that short sellers are awful at timing their trades as they do not believe in technicals and the fundamentals will trump the technicals.

That gets to Rule #2 that we will discuss at a later date: Fundamentals RARELY trump technicals.

Previous Posts by ggarbacz

Daily P/Laybook
0 comments

New Buy Idea
0 comments

Leave a Reply Cancel reply

- ggarbacz
Categories
- Uncategorized
Blogroll
Blog Archives

Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,335.30 -0.12% NASDAQ 3,496.43 -0.07% S&P 500 1,666.29 -0.07% VIX 13.02 4.58%	SPX 500 (CFD) 1,665.20 -0.07% DOW (CFD) 15,331.00 -0.03% NASDAQ 100 3,020.30 -0.02% EURUSD 1.287 -0.12%	UK 6,753.30 0.48% GERMANY 8,453.30 0.69% FRANCE 4,022.80 0.54% SPAIN 8,514.50 -0.78%	H. KONG 23,493.00 1.78% JAPAN 15,351.50 -0.06% KOREA 1,987.82 0.27% SHANGHAI 2,299.99 0.75%	NAT GAS 4.10 0.17% GOLD 1,386.10 0.14% SILVER 22.83 1.17% COPPER 3.35 -0.27%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR -0.01 82.76% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.88 1.08% GERMAN 10YR 1.38 3.77% ITALIAN 10YR 3.90 -2.04% SPAIN 10YR 4.19 -0.33%	WTI 96.72 0.01% BRENT 104.92 0.11% WTI/BRENT 8.20 321 CR SPR 21.96 10.04%