We kindly invite you to join #BMIsession on “Buy the Rumor, Sell the Fact” by Lecturer Martin Essenburg, DePaul University, USA.
Share prices reflect what shareholders are expecting in the future, not what has happened in the past. Said differently, a stock's price reflects the value shareholders assign to future performance, not to past performance. This concept makes sense, as investors buy a stock with the expectation that it will perform better in the future, driving the price higher. As Investors come to understand that various events and news communicate performance, it is the critical realization that the stock's price reaction to the events and news is relative to the markets expectations, not the actual news itself. Accordingly, an investing strategy of various market traders is to invest on future market expectations ("the rumor") and sell right before the news ("the fact") comes out. The lecture will provide a high level overview of what drives stock prices and how this investing strategy of buying the rumor and selling the fact is put into practice.
BMI Executive Hall, Konstitucijos ave. 7, Floor 31, Vilnius
Date and Time
5:30 pm, March 21, 2019
Advanced registration is required. Number of seats is limited. There is no fee.
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