Clich

“Buy the rumor, buy Access; then sell on Thursday,” was onetrader’s variation on the almost clich‚ “buy the rumor, sell thefact” trading strategy. However, that variation would have beenprofitable considering the market’s price action both before andafter the release of the storage report Wednesday evening. Afterbounding as much as a dime higher in the regular open outcry andAccess trading sessions Wednesday, the futures market was shuffledlower yesterday. The July contract finished at $2.397, off a pennyfor the session.