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postyle

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postyle

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Re: EMI24 post# 6478

Thursday, 01/28/2016 11:45:33 AM

Thursday, January 28, 2016 11:45:33 AM

Post# of 14644
Hard to analyze any "reaction" because there is nothing "new" in the news. With the exception of the judge scheduling the trial at yesterday's conference.

The other info is old. The PR references the court's ruling that was made on January 6th. And was publicly available on PACER on January 20th, over a week ago.

Also, the damages info was available from the court reporter in July of last year. A long, long time ago.

The market can be ignorant and naive, but today's abysmally low volume supports the notion that this wasn't tradable news -- because the bulk of it wasn't new at all.
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