I guess it is possible that there is something wrong that we are not privy to, I don't think so, but have nothing to base that on.
It's funny we all want a lower price so we can get more then Mr. Market says here it is and we get nervous (believe me I am including myself). Based on past experience with this stock it is most likely a fund that for whatever reason does not want to be associated with us anymore. This change probably has nothing to do with our prospects. I've seen it in the past and expect it here.
We are an event driven stock, we are not being bought on fundamentals, no events investors lose patience. Nice to read that someone thinks we are worth $30 bucks a share but it is all based on conjecture. Conjecture will end with more deals and more scientific achievements.
In our case no news is bad news. That will change but I won't deny it , it is gut wrenching going though it.
While any sell-off is painful, this one has nothing to do with fundamentals. I wouldn't call someone who purchases a stock on events an investor, but a trader. True, for a trader this stock is "event driven," but to an investor who sees beyond a year or two, the science and management are what matter, and those have never been better during the ten years I have held CGEN stock.
Bear in mind that we don't get actual bad news,only news that's a little longer in coming than perhaps we would like.In the meantime,the staff in SF and TA is doing their thing,the science is progressing,..... I'll be a monkey's uncle if a deal(or deals) isn't in discussion.We simply have the right goods at the right time,making note that by their complex nature,they take time to consummate..
There we have it today-news that we're on the right track.Be patient,ladies and gents-ignore the swings,and behavior of funds.History has shown that some of them have their own issues,needs for liquidating positions that have nothing to do with the equity.