RE: Excellent release"Wish i hadn't sold into this release. Just followed the buy on rumor... sell on news rule. Still have some left though... so can someone tell me what this release will do for the tonnage of the deposit. If it falls back, I'm a buyer at 32. regards Hoot"
I think that buy on rumour, sell on news applies to institutions or funds who buy several million shares and take this opportunity to unload large amounts of shares on the market because people happen to be buying, otherwise the stock price would crash. I cannot understand why someone would want to sell on positive news. Doesn't make any sense! I would do the opposite, sell on bad news not good news.