One of our Bird Flu Basket holdings is Hemispherx Biopharma ("HEB"), courtesy of Ilene's research. Today HEB announced a Research Agreement with the Canadian Department of National Defence (their spelling, not ours). Although the stock is up 3% on the news, it may be that the news is worth a whole lot more then 3%. If so, it spells buying opportunity. I added to my position already and may add more after I post this. Good Luck.
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3 comments:
Hi Ron
I actually tried The Prudent Speculator about one year ago and dropped it after not being able to apply my scalping techniques to it's picks. Don't remember exactly what the problem was, but I do have notes somewhere that describes the experience. A lot of times a newsletter will change something as simple as posting times for new issues or e-mail alerts and one that didn't work suddenly becomes profitable. So I will often revisit sources a second time, take a short trial and see if I can make it work a second time. That's why the R&D in this type of trading is so important and labor intensive. But in the end, the payoff makes it all worthwhile. In any case, you're on the right track and if you have any more ideas, I'd love to hear about them.
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Ron, get a list of these announcements and track price and volume from five minutes before announcement to day after announcment. Let me know if anything tradable is there.
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Ron, In reading over my earlier comment to you, it came off a little more cavalier then I meant it to be. [cav*a*lier: adjective, showing lack of proper concern] You do have an interesting idea, one that I haven't tested myself but would do so if time permitted. Much of my success the past two years comes from the direct result of extensive testing, just as I have suggested you do with your idea. If you're good with numbers and statistical analysis, you can assess the viability of any trading system before you risk a dime. Trading success is just one very long continuum of trial and error. Keep as many of the errors on paper instead of in your account and whats left is stuff that works. Really.
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