Thanks for the welcome. I'm almost exclusively in biotech, and if I used stop losses, my portfolio would be empty! Anyway...I checked this out by chance yesterday, and someone had just posted the abstract news here on the message board. It looks good - seems like this stock is really under-the-radar, though. Some attention would send it flying.
From the daily chart I see two drops under 7$. I wonder if big sharks are still grabbing shares catching stop losses. It looks strange to me, as according to cnbc and yahoo they already have more than 90% of available shares, and I have never seen anything like this in the bio market, where companies don't have revenues, they only burn cash.
But what I see from today's action is that they are still kicking out retailers and they've been doing this since a long long time.
The point is: am I correct? I'm asking because I don't trust myself when studying a chart. But if they are still accumulating when SNSS is at its 3-4 years highs, although they already own 92% of the company, then...