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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE] -- Ignore unavailable to you. Want to Upgrade?

To: AriKirA who wrote (123)	3/1/1999 7:33:00 AM
From: DRT	Read Replies (1) \| Respond to of 364

Its an overall 'market' theory - individual stocks may or may not conform to the theory. At one extreme (strong form of the hypothesis), its unrealistic to think that both public and non-public information is reflected in the price at all times - at the other extreme (weak form of the hypothesis), its unrealistic to think that only public information gets reflected in the price at all times. The weak- to middle-of-the road scenario is most widely accepted for developed western capital markets such as the NYSE. Other markets such as the Czech capital markets do not fit the hypothesis at all, as noted below: busadm.wayne.edu econ.muni.cz ___________ HLM: I would revise the hypothesis to incorporate a distributed lag model (i.e. the market is finally waking up to the facts - prospector's shallow drill results + results are pending on HLMs initial drill program). DRT