Scanning Stocks with Breaking News? A Broken Idea
Posted on March 30, 2010 at 09:54 AM EDT
a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wlx0GQEcH6Q/S7IPZYx87UI/AAAAAAAAA6M/K5cqXS2MmUg/s1600/48194_l.jpg"img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 229px; height: 320px;" src="http://2.bp.blogspot.com/_wlx0GQEcH6Q/S7IPZYx87UI/AAAAAAAAA6M/K5cqXS2MmUg/s320/48194_l.jpg" border="0" alt="" id="BLOGGER_PHOTO_ID_5454439027522202946" //abr /divThe world has changed for those trading on news and even stock scanning services that incorporate breaking news into their offerings. News just broke./divdivbr //divThe a href="http://news.yahoo.com/s/ap/20100319/ap_on_hi_te/us_broker_reports_lawsuit;_ylt=Ago42f0jg2kMZCraHei6jyMjtBAF;_ylu=X3oDMTJ1MTcycDJuBGFzc2V0A2FwLzIwMTAwMzE5L3VzX2Jyb2tlcl9yZXBvcnRzX2xhd3N1aXQEcG9zAzQEc2VjA3luX2FydGljbGVfc3VtbWFyeV9saXN0BHNsawNqdWRnZXNpdGVtdXM-"recent injunction by a judge/a against news headline distributor, bspan class="blsp-spelling-error" id="SPELLING_ERROR_0"flyonthewall/span.com/b, ordered it to delay disseminating the stock recommendations of financial services firms long enough so that the firms can alert their clients first. divbr //divdivdivspan class="blsp-spelling-error" id="SPELLING_ERROR_1"Flyonthewall/span.com argued they publish recommendations only after they become "public" and free for the taking because they emerge through other media, chat rooms, "blast span class="blsp-spelling-error" id="SPELLING_ERROR_2"IMs/span" or other sources. This argument was rejected by the court: just because others do it doesn't excuse the rights the authors and owners of the original research have to inform their clients first./divdivbr //divdivThe order reveals what most veteran traders know - a key to their longevity:/divdivbispan class="Apple-style-span" style="font-size:large;"br //span/i/b/divdivbispan class="Apple-style-span" style="font-size:large;"News will always chase the tape./span/i/b/divdivbr //divdivNews is just one way to filter market activity and direct a trader to where interesting activity occurs the same way a foghorn is one way to get the teacher's attention in a classroom. a href="http://www.trade-ideas.com/"Stock scanning tools/a like Trade-Ideas PRO offer a more refined way to get you a href="http://www.trade-ideas.com/GettingStarted.html?name=See+it+Before+the+Breaking+Newsamp;list_name=MAIN"in front of news/a (one example). Squawk boxes and services come close but don't offer the customization of modeling a trader's particular stock pattern like Trade Ideas./divdivbr //divdivbLet's face it : News was old even when it was redistributed in real-time. Now by court order you'll be waiting 30 minutes - 2 hours. /b /divdivbr //divdivAnd Trade Ideas delivers a head start by turning statistically relevant analysis of the market's activity into a game of whack-a-mole: only showing a trader what's unusual right now and scanning for stocks impossible to find and track on one's own - or via the news./divdivbr //div/divdiv class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/9446784-8898942294525921097?l=marketmovers.blogspot.com' alt='' //div
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