Since march 19, ibio has gained 64 % in share price. It is today 19% off its high for that time frame, which is slightly less than one month. The vast majority of the huge sudden spike up like the one from !.37 are usually followed by just a quick spike down, which is where ibio is, basically, 1 cent lower, than when spike occured. My opinion, volume will continue high, may be a week or so of side ways movement, than upward movement during last 10 days of april leading into May plx catalyst. A positive pr from ibio re patent, etc, could bolster the move up. Just my opinion, but I think there is too much potential here for any further downward movement at this time.
plum, lets take it a day at a time, 2 weeks can be a long ways off, March 19 was not too long ago, and plus 78 % since that date is quite impressive.Who knows, we could tack on another 50% or more before May1.glta
I think this one got on a lot of MoMo's radar on March 7th with the big move up and the volume that day. Once they did a cursory DD the narrative of this stock is wonderful. It is time to be for real though. Everybody including biotechs have to grow up sometime. They have to start booking some recurring revenue. Any of the following, a serious partnership, a significant licensure of IP, a significant production contract, or an a ongoing government contract. They have to show some chops here. Potential is a wonderful. How many people have you known for which that is all the have ever had? Potential?
I am long. However, I will have to trade out of this if they don't show me something more soon. They don't have to turn a profit tonight. They just have to slow the burn a bit. If I do trade out I will hold a small postion. I love the tech.
This is my play money. Those that play and trade away, live to play another day.
IBIO today closed at $1.76, which is a gain of 112% from March 19, almost 1 month exactly. Not trying to jinx, just stating fact. Today, it surpassed the closing price on the spike up last week. So much for those who said this was a pump and dump, and was headed south. When combining all the older longs with the large amount that came in on the pr last week and liked what they saw and stayed, it makes for a nice size crew of longs here. And trust me, word is still spreading, but this time, most all the new arrivals will have deeper pockets and will stay longer glta