      Because stocks react to news over varying time frames, a forecastingeffect exists. In other words, when a piece of news comes out thatimmediately affects the price of a particular stock, there is a time delaybetween the price movement of that stock and the stocks that are correlatedto that stock. When a piece of news causes a dramatic spike in the price ofa particular issue, I have found that it is terribly difficult to determinewhether that stock will continue or retrace the price movement. In myopinion, the chance of picking the intraday direction of a stock that is"already in play" is about equal to flipping a coin. To trade a stock inthis situation is gambling, in my opinion, and I always pass on that trade.