WASHINGTON — Hedge funds and other rapid-fire investors can get access to market-moving documents ahead of other users of the Securities and Exchange Commission’s system for distributing company filings, giving them a potential edge on the rest of the market. http://www.marketwatch.com/story/fast-traders-get-sec-data-seconds-early-2014-10-29
Wow, that really surprises me. I just thought these guys were really smart and could beat the market month in and month out with no losing months.
Does this also explain how prices react immediately after earnings call? I.E so called 'Analyst' estimates always seem to miss or exceed by 0.1 to 0.5 cents. My guess is hedge funds already get the data ahead of earnings call from insiders so essentially trading based on earnings results post-earnings (even if within few seconds) becomes a moot point.
Think....; This is how the ones in the know (big boys) positions their self prior to the announcement Could be minutes..., up to a few days prior And in case you're thinking it..., It is not manipulation when you own it (meaning the big boys.., not me) - shtf notwithstanding I do so love this game RN
THIS is the edge in making money. Forget looking at colors and lines....this is the EDGE. Same as making things faster, not predicting. NOT predicting. Technology or selling. When will you guys get it???????? haha I have 100 proprietary econ reports that i sell for 1 million each. to the first 100 people only!!!!!!
They have deparments, which will actually work out what the numbers will be before the numbers come out, that's why if you check the chart, before an up move from news there is buying all day before hand.
No seriously that's how it works, they don't always get the numbers correct but there close enough to profit off them nicely, that's how many millions this information is worth!!
You can profit BEFORE the news and profit AFTER the news...every trading day is different. That's why there's strong price movements BEFORE news and AFTER the news. Simply, there's a lot more news events besides just earnings and if you're only looking at earnings reports...you're already several steps behind the markets.