[NajdorfDefense]

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i may be missing the forest for teh trees here but in what scenario would a small business stock not go up in the situation described by DS?? aka, a small company has a valueable idea that is huge to the company and it is either defending or prosecuting that idea in court. eventually the verdict comes out in favor of the small company... what would cause the price of that company's stock to drop as a direct result of the favorable ruling?? [img]/images/graemlins/confused.gif[/img]

Barron

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If the market had expected, and priced in, an even more favourable ruling then was received.

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QFT, or even an 'equivalent' ruling. If the equity falls to a 'market return' Beta, the current holders may be seekers of higher Beta/[alpha as well] stocks and not be interested in holding a stock that will only return = the market. Etc.