Buy the rumor, sell on the news ????
-- "Buy the rumor, sell the news" is a phenomenon that happens in most markets, particularly financial markets. Sometimes traders turn this idea into a trading strategy that draws upon on what they believe will occur in a forthcoming economic report or event. --
This "trading strategy" would have been a disaster for someone in the past 6-9 months. If you would have bought on the "rumor" that Egrif.ta may be effective for HIV NASH , and then sold when the news comes out ... not good (unless something significant happens on Monday).
I'm finding a little patch of sun opening up from our 1.5 years of rain clouds ...
-LT