what's the deal here. Was this supposed to be good news moving forward to the next phase?
EOD staggering institutional dumping
big boys unloading eod will be sub 4.00
My understanding is that if the data was outstanding they would have stopped the trial so the patients getting the control could get the drug. The results could be OK but not outstanding.
Could this be a bear raid just to drive retails out or is tute dumping too?
I'm sure there is some institutional selling, but I think the majority of the selling is being done by margin traders who got in on the recent run up to the the 8.50 range. They shoot first and ask questions later.
Sentiment: Strong Buy