ONVO addendum—Yesterday’s price action is pretty convincing proof of the effects of algorithmic trading. There was a PR from a private company that mentioned COVID-19 and the ticker symbol of ONVO. Even though the PR had nothing to do with ONVO, the mere inclusion of ONVO’s ticker symbol in a COVID-19 context was apparently all the algorithms needed to start buying.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”