Reacting To News
The beauty of the TradersWire Interactive traders room is that you can get
timely information disseminated in a timely fashion. This morning Halliburton
(
HAL |
Quote |
Chart |
News |
PowerRating) was imploding, amid rumors of it filing bankruptcy and facing
additional filings of lawsuits in relation to its slew of recent asbestos
liabilities.
In the Traders Room, we are on top of the release of the
statement by Halliburton that there is “no basis for the spurious rumor that the
company has filed for bankruptcy or that such a filing is being contemplated.”
The stock begins to rally upon release of the news, as do many other issues in
the oil service sector
(
$OSX.X |
Quote |
Chart |
News |
PowerRating).
This is relatively minor news story, but it is still an example
of how you can profit from events like these every day when you can act quickly.
Keep an eye out for more analysis regarding events like these in the
Insights From The WarRoom and the
TradersWire Interactive traders room.
Have a great weekend!