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From: merrill@rex.DEC
Newsgroups: net.invest
Subject: buy low, sell high
Message-ID: <3518@decwrl.UUCP>
Date: Tue, 4-Sep-84 12:33:20 EDT
Article-I.D.: decwrl.3518
Posted: Tue Sep  4 12:33:20 1984
Date-Received: Thu, 13-Sep-84 05:58:28 EDT
Sender: daemon@decwrl.UUCP
Organization: DEC Engineering Network
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You say "buy on bad news?"  
I say "NOT SO, TICKER-TAPE BREATH!"

The wise thing to do is to buy on the LAST BAD NEWS and
to sell on the LAST GOOD NEWS.

Of course each of those three words is often hard to determine:
you've gotta be prescient to know if it's LAST;
you've gotta be well informed to know if its GOOD/BAD 
(e.g. buying or being bought by another company);
and you've gotta be cagey to know if its reall NEWS
(or have the big guys already gotten the word?).

Rick Merrill