Wednesday, October 25, 2006


Missed an easy lay-up on ACSEF

Up 0.2 percent yesterday and up another 0.2 percent today. Because I work full time, I do not devote much attention to the stock market during the day. Usually that's not so much of a problem because I don't daytrade so there is no need for me to focus on my positions every minute of the trading day. However, every once in a while, an easy lay-up will arise and I just won't be able to react in time. Case in point, DJ screwed up today in reporting ACSEF's earnings:

News for 'ACSEF' - (*DJ ACS Motion Control 3Q EPS 44c Vs 21c>ACSEF)

(MORE TO FOLLOW) Dow Jones Newswires
October 25, 2006 14:32 ET (18:32 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.- - 02 32 PM EDT 10-25-06

Source: DJ Broad Tape
Compliments of

It would have been great if that were true, but in fact, ACSEF only earned 9 cents a share. Within a minute, DJ corrected the story but by then, enough traders had been suckered in to send the stock up 18 percent. Unfortunately, by the time I noticed the Scottrade news alert in my inbox, the dust had settled and ACSEF was already down 10 percent for the day (a 28 percentage point swing in a few minutes!). Oh well.

Where do you get your ideas for your stocks, i.e. how do you generate "leads"? Do you subscribe to any online investment or stock trading newsletters? Thanks.
I get most of my ideas from the stock screens that I run.
Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?