Why Chinese Education Stocks Bounced Back Today
"Buy the rumor, sell the news" goes the old investing maxim, advising investors to buy stocks before they announce anticipated good news and then cash in when the news comes out. But...what do you do when the anticipated news is bad instead of good?
Well, it seems the answer today is to sell on the rumor of impending disaster and then buy back when the rumor proves true -- and that's how investors are reacting to confirmation of China's crackdown on for-profit education companies, as shares of
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Source Fool.com
