The temporary convergence of beliefs and actions is a possibility. Positive feedback trading as a stock exchange trading strategy is commonly used as one of the oldest theories about fi nancial markets. Sentana-Wadhwani model was used to test Positive feedback trading. Even though the model...

The research about the existence of seasonal behavior in return and volatility of Macedonian Stock Exchange is done. Under different model specifications the hypothesis if mean returns are significantly different in the five trading days is tested. The evidence of existence of predictable...