I think people who get burned by relying on the media to break the news deserve to get burned. A true investor would have done the research and made sure the news was fact before jumping in. That is part of the risk in dealing with stocks that are on the brink of going insolvent and those who are actual viable buys. Trying to pick up a few bucks on a buyout breaking news story is, in my opinion, not a true investors buy signal.
When It Rains, It Pours [View article]