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International Investing / Australia (All-Ordinaries)

URL:  https://boards.fool.com/i-dont-think-i-will-ever-be-able-to-understand-16785397.aspx

Subject:  Re: HWE if anyones interested. Date:  2/23/2002  8:25 AM
Author:  fatcassie1 Number:  3614 of 6186



I dont think I will ever be able to understand the way the market reacts to news, good or bad news is all in the perception ---
. I hold HWE and that news
wiped out a nice profit-- so why the
heck is the market sulking?? A profit is good news isn't it?
especially in a year when a lot of companies are making a loss!
I think the way the market reacts to news is absolutely unpredictable-
I bought LLC at 11.50 and a few days later there was news that
they were going to develop the millenium site (which I thought was
a lousy business decision) and the price spiked! when a little
later there was an announcement thet they had won the contract
for cleaning up ground zero( which I thought the market would be pleased with,) the price fell to bits and I sold at 13.15 because
I couldnt see where I was going with it.

I dunno--


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