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#10
05-05-2007, 03:15 PM
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Re: My friends analysis of why he bought CROX and why it went up 20%..
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[ QUOTE ] [ QUOTE ] by "fairly strong analysis" do you mean "good summary of almost entirely public information?" [/ QUOTE ] Just because the information is public doesn't mean the market is interpreting it correctly. Essentially you're espousing the semi-strong form of the efficient markets hypothesis, which is pretty clearly false. [/ QUOTE ] Yes, but the analysis op presented doesn't say whether this is represented by the stock stock price, he simply says that the stock should have value, not that it is undervalued. [/ QUOTE ] exactly. he/she has presented no compelling reason why that information (other than talking to store owners that might be hard to get at from an analytical station) isn't already discounted (or not fully discounted) in the price. Barron 
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