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by hntrader
1979 days ago
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This is most of it. EMH can't apply to low float stocks because the ability to borrow is scarce and so the market can't easily correct the price without the supply side taking on enormous asymmetric risk. All it takes is a few million dollars in buying power to keep a small stock up 100 percent and not even the biggest hedgefund can correct the inefficiency. |
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