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

To: AriKirA who wrote (125)	3/1/1999 8:27:00 AM
From: WWS	Respond to of 364

Ari, in my own mind and experience I, like DRT, can find little if any credibility in efficient market hypothesis to explain behavior of individual stocks. Because there really are, at any time, scads of under and over-valued issues. These situations are possible because of the fact that both non-public and sometimes even public information are not fully factored into current price. Scandals like Bre-x show that non-public info is not always "in the price". Scandals like YBM Magnetics and CTRN show that even public info is not always "in the price". First, someone like Adrian du Plessis (in case of YBM) or Steve Pluvia (for CTRN) had to integrate disparate sources of public information to expose the underlying pattern. Only then did the price adjust to the information available.