I dont think its unfair to say that the higher the price goes, the more likely it is that the announcement is already being priced in.
Coz i dont think we simultaneously say that (a) the price has gone up because the market is forward looking and (b) the announcement has not been priced in AT ALL.
However, where that point is and to what extent exactly depends on each investors assessment.
Personally i think there may still be some room, but I also am very happy with where we currently are.
Future is a different story
GLTAH
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