Wednesday, October 24, 2007
One thing investors really like to see in FirstRain is stories signally a potential move in the price of a stock that do not make it into Bloomberg (ie. what most people are seeing).
One such example happened last week. Goldman Sachs reported earnings and the stock went up 13%. All looked great. Then Fortune on-line ran a story questioning the quality of Goldman's earnings because much of them were on paper only. This was picked up by the blog Wall $treet Folly with a provocative lead as shown here.
Two days later GS dropped 10 points.