I am fairly new to this trading caper and get somewhat confused with the way announcements are released to the masses.
Often I see unexplained price gaps up .. that is no news release.. about a day or two in advance of anything new.
Is this just a cross your fingers type thing and hope or do different sections ..like say stock brokers... get news in advance?
Today for example GPN after a subdued opening shot up some 15% in the afternoon ... had a look later and saw the announcement ..time stamped after 6pm on the Etrade screen .... so how did those who bought early know?
Pressumably the price will gap up tomorrow morning when everybody else who sees the spike or reads the report will simply have to get on before they miss out.
I have been somewhat confused ... I see this type of thing continuously .. EXT is a prime example where a lot of this seems to be happening.
IS it a case of ETrade being very slow to release news or am I just being ignorant due to lack of knowledge of how the market works?