At Adams option blog, a paragraph about the old days of Caterpillar CAT, where earnings would be terrible and the stock would rally after each report. The writer was an options market maker for CAT. He is now observing similar patterns in housing stocks, where bad news is met by rising stock prices. Read the whole thing at the link (Wed Feb 21, Subdivisions).
Jack in the Box reports great earnings and the stock booms ahead. I am adding it to my buy-on-a-pullback list (chart).
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