Trading What You See
Bearish news can often be a harbinger of a good trade. Not to the short side,
as the majority would think, but to the long side, when no one wants to.
09:30:10
Stocks Wall Street is Watching
Merck Co. Inc.(MRK)
is being reported by the Wall Street Journal to have recorded $12.4 billion in
revenue from its Medco pharmacy benefits unit over the past three years that the
subsidiary never actually collected.
The stock gaps down on the news, then forms a Haggerty Trap Door before
moving 1 point higher.
Learn to spot these opportunities and trade on the same side as
the NYSE specialists and market makers. Although it takes some effort to trade
counter to your intuition, I think you will find the work will not be wasted.
Until tomorrow,