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GTx, Inc. Message Board

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  • rusty7860 rusty7860 Feb 20, 2008 6:01 PM Flag

    Phase III results will be positive!

    I agree ... down on big volume is not good. Usually stocks run up ahead of good news. But according to the company, no one yet knows the results so why the selling ?

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    • Also very possible that the market maker is sucking in cheap stock prior to the "news". I have seen the many times before! Stock hits a new low on heavy volume and 2 weeks later the stock pops higher on heavy volume! My gut tells me that the weak longs are selling after earnings and the market maker is taking full advantage of this! I did not see any large blocks crossing on the downside! If I begin to see that and the volume picks up on the downside and the stock breaks $10.35, I'm out!

 
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