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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Patrese who wrote (11191)4/24/1998 3:21:00 PM
From: paul e thomas  Read Replies (2) of 13949
 
WISH I KNEW

Today makes me realize that the stock market is not always an "Efficient Market" that quickly accurately integrates the significance of market or stock specific information to produce a rational change in stock price.Based on the 12% price drop in IMRS price one would think that IMRS both missed analyst forecasts,and announced weak future prospects.What a contrast with the optimism expressed by the analysts during the call and the pessimism reflected in the price movement.
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