Empirical Research by DeBondt and Thaler (1985),Jagadeesh (1990)and Lehman (1990)

Multiple Choice

Empirical research by DeBondt and Thaler (1985) ,Jagadeesh (1990) and Lehman (1990)

A) found that poorly stocks that performed poorly in one period experienced sizable reversals in the subsequent period
B) found that stocks that performed poorly in one period experienced poor performance in the subsequent period
C) found that stocks that performed poorly in one period experienced neither better nor worse performance than other stocks in the subsequent period
D) did not try to test the reversal effect
E) reinforces the EMH