Rumors Gone Wild

09 May 2007

To follow up on yesterday’s post on rumors, CNBC Fast Money reported last night that of 130 buyout rumors since December, only 4 have panned out (source: StreetAccount).

Jeff Macke, one of the fast money five on CNBC said, “speculation and rumors are part of the Wall Street game. They always push stocks higher and traders need to be smart enough to separate fact from fiction.”

As outlined yesterday, IR plays an important role in facilitating the separation of fact from fiction.

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