People react to sp moves. They throw their money at ACW regardless of any valuation as this stock is considered to be hot. IMU's current reputation is to be crap as regardless of any progress and outlook the market wants to see someone buying on market. As RAD shows us, even buying at a premium by the world's biggest radio pharma via CR doesn't excites people anymore. SP going up, stock must be good, sp going down, stock must be the worst ever.
Therefore those presentations are a great reassurance and a buy signal for the type of investors who buy way before the market wakes up to built a foundation to sell when the real action comes. Yesterday's interviews are hardly expected to drive the sp up, big pharma offers will. And as LC correctly said, pharma reacts to data. But until then nothing big will happen here.
GLTA
Media Thread, page-14721
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