Micro, I’m adding yet another item to your list of newbie-investor misconceptions:
“If bearish posters are active on a company’s message board, they must be desperate and hence great things are about to happen for the company.”
The FCSC board on iHub is a fertile venue for this notion.
(I previously added to your list in #msg-64848710: “If a vice president from a large pharma company joins your little biotech, the company’s programs are sure to succeed—why else would a well-paid executive with job security jump ship?”
Maybe I should keep an updated list in the Biotech Values iBox so we can refer to it easily when the inevitable pumping posts arrive. Comments?)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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