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Biotech / Medical : Ligand (LGND) Breakout! -- Ignore unavailable to you. Want to Upgrade?


To: Torben Noerup Nielsen who wrote (16132)3/1/1998 5:20:00 AM
From: Alper H.YUKSEL  Read Replies (3) | Respond to of 32384
 
<< I guess I believe in the efficiency of the market if by that you mean that the market is able to take all that it knows or expects and come up with a price based on that. That does not mean you cannot make a good deal of money. You may possess knowledge beyond what the collective it has and this knowledge may allow you to come up with a different valuation. And if your expectations are connfirmed, the efficient market will eventually come to the same conclusions you did and reward you accordingly :-) >>

Huh ! I'm surprised any threadster's awake and sitting at the PC at your end of the world at this time.

Agree with the above that the market is able to take all that it knows or expects and comes up with a price based on that. I also agree that this does not mean that you can not make money. But if you can reach knowledge beyond the collective and reach different conclusions (which I believe we can), than that's not 100% efficient markets.

Regards and good night !
Alper