looks like the short interest is pulling it down? is it creating further buying opportunity? I personally dont see any weakness in this stocks future earning potential as of now. the bioprocessing is set to take off with more biomolecular therapeutics entering into the scene. It certainly is qualified for $10. Wonder why there is this apparently high short interest. Any market experts here to explain??
The fundamentals for this stock are well known and understood. They don't look like they are changing soon. There isn't likely to be any unexpected good or bad news in the short term. They just had the quarterly statement, no surprises.
This means that the stock is trading now based on the psychology of the traders themselves. This is easily predicted in this scenario. The stock is trading up and down perfectly synchronized with the 3 month Slow Stochastics. The downward pull you were seeing was just the movement down from the former high point of 78 on May 9th. The current low point is at 20 right now. This is where the stock price has been bouncing back up from.
Based on this, plus the increased short interest, I see the price of this stock bouncing back up for the next few trading days. (starting today or tomorrow.) The stock is currently trading down today. (about -2%) I look for it to hit resistance and start an upward climb again.
I thought the Freidrich's Ataxia results are predicted this quarter. Would you not expect good results to be announced simultaneously with a marketing agreement with some pharma superpower interested in orphan drugs. Do you believe such good news is expected and already folded into the share price??
Chaos what we know of it doesn't have to move like little balls moving against one in another with no direction no clue what's going to happen. The fact I know what key to type is explained by my brain sorting things out. So what I'm trying to say but it's quite hard not having the time. That chaos is part of the mix. Not that we can decipher it. It's who we are. That the unpredictable is still that. There is a force that holds things together and that's our small talk.