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View Full Version : Trading on public opinion.


FibMaster
12-22-2007, 02:07 PM
Do you think Bloomberg was a little premature? See this info from them, dated November 28th 2007.

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_D/threadview?m=tm&bn=24683&tid=53437&mid=53437&tof=191&frt=2

Bloomberg reported that options traders were bullish on DRYS. Look at your chart, see what happened? The neat thing about these news services, is that they report public opinion. What we know about the public is that they are most often wrong.. Very handy information, you can use it!

Yahoo is a great resource for this.

There are many examples of public opinion being wrong. If you see them, post them here, we all benefit..