Assuming Semi- Strong Form Efficiency,which of the Following Statements Is

Assuming semi- strong form efficiency,which of the following statements is incorrect?

A) Even though a company's share price has increased in each of the past 6 months,this does not indicate that the price will also increase during the current month.
B) Investors cannot consistently beat the market by relying on information disclosed in companies' most recent annual reports.
C) An investor cannot consistently beat the market by solely using information published in The Australian Financial Review.
D) Managers who have information not available to the public cannot consistently earn abnormal returns.