One of a number of examples why your thesis makes no sense: REGN-lost money for 5 years while they were working on drug approvals-Stock went from 4 to 185 PPS over that time frame. Markets look forward and not backwards. Your comment can only mean one thing: you are a #$%$ and you make no money in stocks-you just troll message boards for a living. Grow up little man.
You gave one example and there are more for sure. But there are FAR more bio companies that make no money that have went to the $1 to $5 range then tanked or filed for bankruptcy. I'm not saying this company will. What I said was that the stock price has went up way too fast for people not to take profits. But the company doesn't make money and hedge funds won't invest heavily in biotech companies that don't make money. Simple as that.
Not sure why you are so angry haha You are a little stressed out. Relax!
"But the company doesn't make money and hedge funds won't invest heavily in biotech companies that don't make money. Simple as that."
So, tell me again why we care if hedge funds "invest heavily?" Last time I checked, there were more hedge funds who were underperforming the market than were outperforming the market. Maybe you missed that story. Well, actually, more like several stories, or several installments of a running series of a story.
But, hell ya. Let's worry about what hedge funds do or don't do.
Simple. Hmmm, reminds me of what H.L. Mencken said on topic:
"For every complex problem, there is a solution that is concise, clear, simple, and wrong."
You make no sense,of course people been taking profits but what you seen was the perfect opportunity for Market Makers inducing panic to get their $ back from selling short.Looks like they covered at $6.00,now we move back up on Technicals and FPE.Do ya know how small the float is?