Playing with announcements is a dangerous game, even if an ann is great and positive it doesn't mean that the SP is going to rally, most likely the it will go 1-2 pips up and then sharp fall. Only insiders can make money out of it. I’ve stopped buying on the action and only watching/learning, statistic is not great so far, in most of the cases SP will go down in first 30 minutes after the open, with some exceptions; BTR is a good recent example. MAD – watching; daily/weekly charts still look OK but after the news… don’t know, dangerous game against deep pockets, may try to play an intraday swing, don’t know yet.
