Good morning!Webinar at 1pm today (4 May)Last call for Ed’s webinar today at 1pm. It should be very interesting, as Ed will be unveiling some new features on Stockopedia. As mentioned yesterday, I’ve had a preview, and very much like the new classifications system. It will be fun to see how the site rates my shareholdings. I think this feature will be much talked-about, and is set to ruffle some feathers too!So do sign up – here is the link.Focusrite (LON:TUNE)I covered this share in yesterday’s report. I see it has risen by a further 7% today, on top of yesterday’s rise. This reminded me of a term in the excellent Mark Minervini book, which he called something like “post announcement drift”.This is where a company puts out a highly significant piece of news (e.g. strong out-performance, or a big profit warning). What often happens is that the initial first day move is just the beginning of a much bigger move. This is particularly the case with small caps – because lack of liquidity means that buyers amp; sellers cannot be immediately satisfied. Therefore buyers/sellers tend to continue…
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