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DewDiligence

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Re: stockbettor post# 447

Wednesday, 06/18/2014 11:22:55 PM

Wednesday, June 18, 2014 11:22:55 PM

Post# of 6004
I rather doubt that the MarketWatch article was the main cause of ENTA’s 6% move on Wednesday, although it might have contributed to some degree. (I do agree that the article’s discussion of the royalty rate was unclear and badly written.)

It’s more likely, IMO, that ENTA’s WF webcast (which occurred after the close on Tuesday) and the subsequent postings on iHub and Twitter were the main driver for Wednesday’s move.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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