Tfry posted:
"Buy on rumour and sell on fact."
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Response:
Like most one liners there's an element of truth, but is it the way to really go? I'm sure we've heard the following story about the trader who "bought on rumour and sold on fact". Now this trader happened to buy some Poseidon at $1.00 and sold at $5.00 on the announcement of their nickel discovery only to watch them go to over $200.
