So you want to get into the game of day trading stocks? Whether you’re a rookie or veteran of the stock market, The Stock Wizards encourages traders and investors to look for stocks with forward-looking events. What is a forward-looking event? A forward-looking event is when a company announces publicly through a press release that there will be some kind material event that will affect the company in the future. Another way of looking at it is using the term Catalyst.
How do we find such companies? We gather as much information about a company as we can before investing our hard earned money. Information is the key word here. Remember Michael Douglas’s famous quote from the movie Wall Street? “The most valuable commodity I know of is information, wouldn’t you agree?” And let’s not forget the high tech society we live in today. Information is right at our fingertips so there are no excuses for not doing the research. A little research goes a long way when searching for companies with forward-looking events. Read the rest of this entry »