So far, looks like only one dump of around 130,000 shares. If it were the MMs, they would not need 130,000 shares to drop price by 7 cents. So, maybe one holder just wanted to take profits and shift his money to another investment. If more dumping in volume happens, then it would look like insider dumping ahead of news. What do you know about this, Life and Surfson?
I don't really think anything about it. I'm not selling a share so I'm really not worried about day to day movements from outside factors. I've read so much about this stock and the growth in Chinese Pharma, and further expected growth that I just sit, hold and wait. Add to that, if even one reported case of H7N9 would emerge anywhere in the world or another major outbreak of H5N1, there would be no stopping this stock. Anyone care to bet there won't be a breakout after reading the latest CDC paper on emergency preparedness? IMO, Luck, Life
Highly doubt it's anything but overall market uncertainty or holders getting bored after a month of sideways trading. Don't think Q3 earnings will be bad since nothing but improvement through all sales fronts have occurred and Q3 is over. Also NDA approval at the absolute latest will occur November 30th so this dip is a nice buying opportunity that I will take advantage of again. Sinovac's biggest problem is that there hasn't been a press release in a month and half. Investors need something fresh to bite into.
True, but where did you get the 30NOV for the NDA from? Why now tomorrow? BTW, if the SVA market can withstand a 130,000 share dump with only a 7-cent drop, it shows strength. Seems there are lots of buyers around. If it does not go too much lower, like less than 5.90, it will probably close above 6 again.