Question

Assume the capital markets are efficient. If you research a stock and identify a specific trading pattern you can

1. Delay responding to the opportunity since no one else has spotted the pattern
2. That patterns will rapidly disappear
3. You should earn excessive profits as the same pattern should exist with similar securities
4. You will be able to earn excess profits for an extended period of time

Answer 1

4 should be the Answer

Step-by-step explanation:

Because you should grab an opportunity when it is there it should your period to extremly have excess profit.