Didnt really understand what happen with the big drop, the drug get approve shouldnt the price go up? Is it just because the company running out of fund or is there other reason? Just want some opinion
Multiple articles from SA and Motley Fool paid for by shorts resulting in panic selling on top of a not so good day for the Nasdaq. Shorts don't want to give up the ghost yet and are selling at specific times throughout the day based on RSI strength.. frothing at the mouth if a support level gets broken. There's a ton of videos on youtube that reveal their strategy.. it's really fascinating to watch people make their living this way and many just use a volatile stock to short and cover on the same day (that could be any biotech stock). Automatic stop loss sales are triggered as a result this bolstering their cause.. but that's only my small opinion... if I have it wrong I would love to hear your thoughts... unless they are from the PIG!
ZGNX needs money for marketing hydrozo. They pumped up 4/share premarket to trick investors to buy it. When the market opens, it was only 3.40/share, and it dropped all the way down to 2.81 after hour. I think this stock won't be up for a week. Just let them spend your money for marketing. After that, it will go back up.