Result patience
Hi Guys, Out of curiosity wouldn't it be prudent to wait for results. Unless there something we are all missing. Regards, Frank Music
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Guys, Out of curiosity wouldn't it be prudent to wait for results. Unless there something we are all missing. Regards, Frank Music
Morning Frank,
All comes down to why we / you feel a stock looks attractive, we could argue that if we waited for a company to report before we went long shouldn’t we similarly close out all of our existing holdings before such company’s report? However if we do go long a company prior to its report we do steer away from stocks that enter the “ confession arena” with huge expectations, these often see a good result fail to send shares higher – “buy on rumour sell on fact”.
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