The stock is trading like #$%$. I don't get it. Great news and people dump? The market can sure be screwed up at times. Volume is low so perhaps M&M's are screwing with this trying to shake guys like me that think the stock should be moving. But, they won't get my shares.
ACRX is trading great---are you looking at the same stock or are you brand new this week ? A month ago you had to make an appointment to buy or sell this stock--as it was barely trading any volume. Now it's up to over 200,000++ per day & becoming more liquid as the offering has settled & there's a touch more interest. Your comments about market makers is frivolous as they are hardly making any money on a low-volume micro-cap with penny-spreads. Not a lot of professional investors pay much attention to stocks like this as there is hardly any institutional sponsorship (under 10% pre-offering). If you're smart you won't try to psychoanalyze this little company----as they are new & have no revenues or any products on the market. Relax---you just had a 13D filing yesterday from an institutional healthcare fund with 14.25%.
Under the radar, low volume stock. Big $$ came in recently and no $$$ worries now. Buy the dips! That's the thing with biotechs ... nobody wants them when they're cheap and will chase them once they take off. Crazy!