Raytheon Breaks Above $173 per Share

Raytheon (RTN) is the latest in a trend we’ve seen a lot of.

Step 1. Stock drops on “disappointing earnings.”

Step 2. **Wait Two Days**

Step 3. Stock breaks out once people realize that the earnings weren’t that bad.

Wall Street’s first instinct is to panic. The real money is made by waiting. To quote Jesse Livermore, “It was never my thinking that made the big money. It was always my sitting.”

Posted by on February 4th, 2019 at 1:27 pm


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