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Re: [sharechat] AFFCO

From:	"james.chamley" <james.chamley@xtra.co.nz>
Date:	Fri, 01 Dec 2000 12:31:37 +1300

> Heather Reiss wrote:
> 
> James
> 
> What exactly did you mean by, "buy the rumour sell the fact".
> 
> Cheers
> Heather

Markets often have a habit of bidding prices up in expectation of some
positive news and then correcting when the news is announced.  This may
be because the market has anticipated an even more positive result into
its pricing and when the result is finally known then there little
upside left in the price. The New Zealand market seems to be
particularly adept at this phenomenon.

James

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References

Re: [sharechat] AFFCO Heather Reiss

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