The results look great, so why is the stock not reacting?
MNTA’s share price is up 2-3% on a day when the broad market is getting hammered, which is pretty good considering that MNTA’s 2Q11 results were already known within a tight band (as explained in the prologue of #msg-65857564).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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