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Re: Trendliner post# 121498

Wednesday, 05/25/2016 1:26:06 PM

Wednesday, May 25, 2016 1:26:06 PM

Post# of 146189
CERTAINLY MATERIAL FUNDAMENTAL DEVELOPMENTS CAN RADICALLY ALTER

The technical picture, as was pointed out by an earlier post.

If, as EMH says, prices respond instantly to news, then technical analysis would not work. And though markets do get it right after a while, the response is not instantaneous. Various cognitive biases, such as the conservatism bias, and the confirmation bias prevent people from adjusting their expectations to news as rapidly as they should. Human information processing limits and crowd dynamics, like herding and information cascades also operate to slow the diffusion of new information through out the market.

Is is the retarded diffusion of information that allows price trends to develop and this in turn allows technical analysis to work.

But yes, if there is a major news announcement such as

NNVC makes a public announcement the ability to produce 500 g batches of the micelle that meet specifications. They have not moved beyond 200g for over a year and a half (see latest 10-Q SEC filing).

OR

NNVC puts out a PR release that all the drug candidate material for either FluCide or HerpeCode needed for final toxicology testing has been sent off for testing. (FluCide tox testing has been delayed because a lack of production capacity. HerpeCide drug program is still on hold because the animal lab studies to have not yet determined which ligand will be best. HerpeCide selection was to be done by August I think. But as will all their prior expectations about compleation dates they will probably take longer.

OR

Something even better.

In the absence of such material events, the stock will drift lower as investors come slowly and grudgingly to the realization that they've been had by an unscrupulous stock promoter.

Hope this is helpful to some.

Trendliner

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