My hope is that ....My hope is that getting your PR up early on a Monday requires that someone get the ball in motion later on Friday afternoon. I am not sure what the process is to make that all happen now. Maybe it is seconds.
But in the old days it meant people getting emails (or faxes.... yeesh) and uploading documents and setting release times. People who were supposed to receive and organize but not interpret and talk/trade on what they see. Or even think about what they are seeing. If insiders at a company started hearing things and finding things on the photocopier that meant a corporate action was about to happen, they were supposed to shut up and wait like the rest of the market to make any reactive moves. Don't call your broker. Don't call your brother to call his broker. You know... just don't.
So maybe what we saw this afternoon was just someone finally pushing in their chips to get on board. Maybe there is a foreshadow for Monday. Maybe someone felt a tingle, heard a whisper, made a judgement....
Frankly I don't much care anymore.
Historically the thought of insiders getting an inside track bothered me.
Now I know that the house pretty much always wins.
The trick is to sometimes make sure you are betting the same way the house is.
Hoping for a Monday PR
All I want for Christmas....
HIBL