there were no negative surprises. In fact, revs were good, sgmo beat by 5 cents. cash burn low. licensing revenue up. Weak hands are out, selling based on chart metrics, stock was a little overbought. Management disappointed by saying data will not be released by PR's but rather when presented at conferences. So what? They are going to 3 conferences in the near future,-they must have something to talk about. Stock is oversold-- already oversold on stochastics. People who sold are extremely short term oriented, These are the very people who will get back in after this quick correction is over. Just look at DDD for example. This will be coming back sooner than you think.
This was overbought. This hyped up on the prospect of news. When the news didn't happen, the retail investor's bail. The stupid thing is that those that have done their due diligence more or less expected exactly what has been released.
I am unmoved... and if this comes back to the $6 dollar level I have significant cash waiting to buy.