Wednesday, August 30, 2006

8-K filings, seldom on Monday & Friday

Wall Street Nuggets in an article entitled Two Tails Of Procrastination examines "the distribution of the lags between the end of the reporting period and the actual SEC filing date for publicly traded companies." Not your every day light reading, but interesting and potentially profitble none-the-same.

Lots of charts.

For the day traders one little nugget:

What is striking about this distribution is a clear superposition of a weekly pattern that favors press releases on Tuesday, Wednesday or Thursday, over the course of the three to four weeks leading up to the Sarbanes-Oxley deadline for the quarterly filing.

Hat tip to Author: Dan O'Reilly
Chief cook and bottle washer at SigmaInverse, LLC

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