ACET – R&D Webcast & Overview of Pipeline

This event seems a little out of place.  If it is just a general presentation on information that educated investors would already know then it’s much ado about nothing.  But if they are highlighting their pipeline because the market is undervaluing their company (in their opinions) then the management being particularly confident could inspire volume.

The Runup Traders are going to look at this as an opportunity to capitalize on dips.  If ACET finds itself in a situation where they are near a low support level or even a year low in the weeks leading up to this event, OR if they have a negative unexpected news event that hurts their stock price in a sudden manner, Runup Traders may have a reason to start accumulating.

Event Traders are also going to want to monitor this event.  On one hand, you could watch the presentation and decide if it excites you personally.  But if you are not medically trained to understand data and the importance of certain mediations, it may be easier to just monitor the volume compared to the average daily volume.  If volume is way over average daily volume early in the day, it isn’t a stretch to conclude that the market liked the presentation and is adjusting bullishly.

Afterglow Traders might not have much of a trade.  A lot of times, there is a “buy the rumor, sell the news” mentality and even if the company presents positive information, it has already been baked into the price during the Runup Period and profit takers are taking profits (like ya’ do).  Also, unless the company teases something else, it sounds like they are just publicizing old news, which might have a short term effect, but if it was news when the price was low before, traders might let it go right back down there again.  Food for thought.

Link to General Event Info: https://www.businesswire.com/news/stockmaven/20221021005364/en