For me, openings go through cycles of really good and frustratingly treading water. I'd say business as usual for me right now. Nothing special, but still profitable.
Do you find certain periods of overall volatility help/hinder the strategy? I also am curious since this strategy is supposedly based on "trading with the specialist" since the specialist really has less pull than he use to due to the hybrid/electronic trading, doesnt kind of throw a wrench into the theory behind it?
It tends to do particularly well when volatility spikes higher. I don't care what the specialist is doing or if he's involved. I've never attached much importance to reading the tape or figuring out why a stock is moving or who's moving it. To me it's just a gap that has a tendency to retrace somewhat. Specialist smecialist, makes no difference to me.
Only thing I saw was: "Circuit Cityâs demise seems to have enriched its rivalâs stockholders. Since the electronics seller declared itself bankrupt in November, Best Buy (BBY: 28.47*, +0.75, +2.70%) shares have gained 10% -- despite the broad market dropping 14%." http://www.smartmoney.com/Investing/Stocks/5-Stocks-That-Benefit-From-Others-Losses/?afl=yahoo But I did not cut it on the news, it was in the 2/3 that I did not managed to send. Was it because of wholsesale numbers? Missed TGT by a few cents. Cut COST (wholesale) on wholesale numbers and TGT is a competitor (by Yahoo!)