The Traderszone Network

Published in TZ Latest News 1 June, 2014 by The TZ Newswire Staff

Buy The Rumor, Sell The News: The Case Of Apple’s Worldwide Developers Conference

By Dr. Duru:

“Buy the rumor, sell the news” is a common refrain among traders. The week of June 2nd may provide another case study for this refrain.

Apple (AAPL) has well out-performed the market with a 6.8% gain in the four weeks leading into its 2014 Worldwide Developers Conference (WWDC) beginning on June 2nd. The stock is up 3.1% in the last week.

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