Diebold Could Rally into Earnings

"Buy the rumor, sell the news." I suspect this Wall Street adage has survived for so many years because the strategy behind it still works. It works especially well in earnings' season, which is now upon us.

Many times, a stock's price will rise just ahead of an earnings announcement. This price increase is fueled by investors' positive anticipation (think rumor) that when that company's earnings are announced, they will beat estimates. Of course, the earnings announcement, itself, is "the news."...485 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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