How good of a strategy is it to buy on the open stocks that have been upgraded and short stocks that have been downgraded with the intention of getting out by the close?If anyone is involved in this strategy,please share how it is working out.Also,is it a good idea to hold longs overnight on stocks that close out strong and hold shorts overnight on stocks that close out weak because of the upgrade/downgrade or specific news?
that was pretty stupid idea at my opinion little less stupid-short downgraded stock and long something corelated... remember-you always will be last person, why will know about those news... Good luck!