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To: ahhaha who wrote (44008)10/27/1999 9:45:00 AM
From: SwampDogg  Read Replies (1) | Respond to of 116762
 
<<Selective disclosure has nothing to do with the earnings stock prices correlation and nothing to do with efficient market hypothesis. The term can't even be defined.>>

It has everything to do with it. I will define "selective disclosure" for you. It is when Joe Analyst knows something about a company that the public doesn't including if they will or will not meet earnings forecasts. There have been a few cases of this even in the the past week. How can an equity be fairly priced on reasonable earnings expectations if these expectations are based on crap info? Why do stocks almost always rise before a takeover when no news has been put out by the company?

I disagree with you about everything. That is about as kind as I can be.

<<An observation of averages or of breadth is a synthetic exercise. These actions are not analytical. They don't tell you anything about what could happen. They only tell you what did happen. The averages represent some stocks. The breadth represents most stocks. A group of some stocks can diverge from the entire group without any justifiable conclusion being reached. It happens all the time. So which group is the one to watch? If the majority of stocks are falling, does that mean there are no good money making opportunities on the upside? You will find that approaching money making in the stock market with these prejudices will guarantee that you don't make any. Usually takes about 10 years of stock market experience before you see this.>>

This is pure BS!!



To: ahhaha who wrote (44008)10/27/1999 12:11:00 PM
From: SwampDogg  Read Replies (1) | Respond to of 116762
 
<<That isn't the efficient market hypothesis>>

From a securities textbook...

"EFFICIENT MARKET HYPOTHESIS: The theory that a stock's price reflects all available information and reflects its true value"

It seems that this is a rarity in today's markets