OncoSec Medical Inc (ONCSQ)

[erostratus]

Exactly. It is extremely amateurish to suppose that the general market has priced something like that in, something which we've arrived at through a lot of DD and a LOT of vague hints. A partnership will BEGIN to be priced in once it is announced, and spelled out black and white in a PR.

Some people here are overestimating the investor horde in the most extreme way possible. Let alone the fact that things not yet announced are in no way priced in, but also what has been already announced hasn't been appropriately priced in (hence undervaluation). To assume a rational market which immediately corrects itself according to announced news and reasonable evaluations of current standing is to misunderstand the market completely.
Not even ASCO has been "priced in". To the broader market, the ASCO PR just seems like another binary event set up, ie. they do not know that the data to be announced will be positive. To them it's all up in the air.


All in all,
you're pretty much summed everything up with this quote

the broad market has no clue

about anything really.
the market is an irrational mess of emotion.