Resist the Urge to 'Play' the Hurricane
For those not directly dealing with Hurricane Sandy, today's discussion will be all about trading the event and finding stocks that benefit from the storm. The obvious ones will be stores such as Home Depot (HD) and Lowe's (LOW), which have seen a surge of last-minute buying in the Northeast. Generac (GNRC), as the best pure play on generators, is going to get a boost as well.
We will hear all sorts of interesting ideas on how to benefit from the storm and the aftermath. But I have seen this type of speculation before, as I have been trading for decades now -- and I have some advice for you: Don't do it. In addition to it being bad karma, it probably won't work....368 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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