Proponents of the efficient markets hypothesis should evaluate the case study of the microcosm of Texcom. What drives the stock price? Fundamentals...or the whims of one small-time trader looking to trade $500 for a quick ~$100 profit. I believe Bob May's (shady) acquisition pay was at ~$2.40, so maybe he does something.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.