Replies to post #38849 on Biotech Values

[rfj1862]

Stogi,

Conventional wisdom, as I understand it, is that interposing the weekend between an announcement and the first chance to respond will blunt the response to the announcement.

So if a company can hold negative results until Friday after the bell, the immediate selloff may be attenuated by the chance to have the weekend to rationalize holding the stock.

Obviously this is feeling not fact, there's no way to conduct a controlled experiment.