Thank you all for the insight. It's what I was surmising, but I'm not necessarily the sharpest knife in the drawer.
I'm in for the total, complete ride. Took another trip this way, and expect this one to end the same way.
It looks like someone is methodicaly walking the price down. They may be trying to buy back the shares cheaper. Like day trading but with millions of dollars so they can actually manipulate the stock.
It's the usual short traders and bashers getting it down to peanuts, combined with frightened investors creating this havoc.Nothing has really happened.This precipitous drop will correct itself shortly.
Can be one of several things, but it's definitely revolving around technical trades. Same thing happened to YMI well before they were bought out by GMCR. A spike is hit after a series of PR pumps (regardless of validity), then traders bring it down based on rules such as fibonacci retracement, support/resistance points, etc. It's a biotech, all of them go through this. It's unfortunate but it's life
imshirazy is correct. I was in YMI too and watched it being played with for months prior to the buy-out. People are so impatient these days. This one will come good in due course
Sentiment: Strong Buy