Bold speculators interested in a quick strike may want to set their sights on healthcare specialist Teva Pharmaceutical Industries (TEVA). But rather than a long discussion on fundamental items that are essentially summaries of yesterday’s newspaper, I’d like to begin the discussion about TEVA stock with a thought experiment.
Imagine that you flip a (fair) coin 100 times every business day. What you flip on Monday would have no bearing on what you flip on Tuesday and so forth. Obviously, coin tosses represent random events. If your job was to determine the likelihood of a higher ratio of heads versus tails on Friday, knowing what the “score” was on the previous day would offer no useful intelligence.
