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Politics : Ask Michael Burke

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To: BGR who wrote (71165)11/30/1999 2:58:00 PM
From: Mama Bear  Read Replies (1) of 132070
 
BGR, would you care to comment on ADSP's recent price fluctuations? Last week ADSP had a range between 3.53 and 57. Today (now) the market thinks that ADSP is worth 13. Can't a reasonable argument be made that the market has gone bull goose looney based on such ridiculous price swings? I don't understand how a price swing of 1500% in a couple of days can be said to be 'efficient'. ADSP made no revolutionary breakthrough, didn't cure cancer, aids, or old age, and in this specific case, all of the news was out well in advance of the price swing. Was I wrong to think that the market had inefficiently priced ADSP and to short it? Now, I could see an argument of exception if this case were an anomaly, but this fluctuation is not all that exceptional in the recent environment.

Regards,

Barb
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