re: Ann: Eastern Star Gas Exceeds 2009 Reserv... Mattvan
While it is true that ESG closed down today, it only did so because it takes time for all news to be factored into a stock by the MAJORITY of market participants. Eugene Fama's efficient market theory doesn't work in practice because it assumes ALL market participants are immediately aware of ALL news announcements simulaneously and therefore ALL participants can simultaneously factor in the news. This is simply not possible. ESG closed lower because it went out in sympathy with the rest of the market. Wait until the latest news filters through the market - it should be reflected in the ESG share price by the end of the week.
- Forums
- ASX - By Stock
- Ann: Eastern Star Gas Exceeds 2009 Reserves Targe
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares