Re: First good idea
It's so hard to predict price action. I found a nice company trading at a low valuation, but before I put any money in I did some clever research using housing starts data that told me they were going to tank their quarter. I didn't care, it's really just short term bad news and I like the companies longer term prospects. But I didn't want to pay the then current trading price of $7.50 a share, so I thought I'd be clever and buy after the earnings release and get a nice discount.
They released two weeks ago. Earnings were down substantially, caused by the exact same effect I had predicted. Stock shot up to $9 that day and has worked it's way all the way to $11 per share now. Clever me.
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