downtrend other than a techincal breakdown that includes the dreaded death cross. the science is still the same as it was last year, last month, last week. how many stocks have you guys seen that have done this only to explode on good news. i still think we hit 4, so i am not a buyer here. my last buy was at 5.19. just a bit early. some day we will look back and laugh that this stock was ever this cheep
I would have expected this except for the lack of warrants on the last offering and the strong institutional involvement. I see the short interest is up today ,looks like 25 % after about 5 % yesterday. Short selling brings it down and suckers sell is my theory. What are the Baker Brothers doing, and the rest? Buying I would think. They do there homework. Pokerpro says 3-6 months before catalyst buy. Warren Buffet says buy undervalued items and hold a year. This is perfect for a long term investor. Like you said, there is no "bad news" related reason for this, I guess the sellers are either ticked off, or just think they are on to something better. Good luck to real sellers, you need it, shorts I hope you get renal cell carcinoma.
I forgot to mention, DOD, NIH, "several small deals" Pancoast discussed in the CC. No catalyst? What would happen to share price if DOD got on board with Lpathomab? Or anybody else? Sellers may make money but running if you bail at a low point you better be running into another low point, or a "sure thing". Good luck.