Tuesday, September 30, 2008

any believers in a strictly efficient market out there?

then look at the action is ald -

bad, but not horrible, news reported BEFORE bell

stock actually up a few cents, then -

stock down more than 50% at about 12 eastern; then -

up steadily from down 50% daily low, until skyrocketing
at the close to finish off only 14%, about where is should
be , given the bad news. right, that's efficient trading
all right.

long ald before today; long ald still; traded ald profitably
during the day

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