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Re: CogDiss 1188X post# 295028

Thursday, 07/16/2020 8:38:17 AM

Thursday, July 16, 2020 8:38:17 AM

Post# of 708351
Besides not referring to my ID correctly... I don’t know who he was referring to...I found his post fairly incoherent actually.

But had no desire to get into obscure and irrelevant weeds on individual random stocks. I have no interest in debating the movements of random obscure stocks to make a point that can’t be made either way with such narrow references to prove something that is substantially dead and is a broad theory, the efficient markets hypothesis. It’s ok as a rule thumb, like cops usually wear blue. But it breaks down in places that are atypical, like microcaps and highly regulated segments like biotech. And, it even breaks down In huge markets that are far larger than all of our stock markets combined, the securitization markets. And where the two atypical markets coincide, microcap biotechs, there is just too much room for manipulation.

I had no idea what exactly he was trying to express.
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