Just speculating, could also be a mini bear raid from new bio-shorts. Looking for a good spot/time to add.
The company has plenty of cash. They won't need to raise for awhile.
Scott Matusow has been the one repeatedly suggesting that a secondary is coming. You wanna know why he's doing this? Because he sold his shares.
Shorts who got burned all the way up now shorting from the highs yesterday on down, and with no news and late to the stock weak buyers....mini panic created. They'll cover fairly soon but it could be another rough day for us longs....
I don't think so. see this pattern in other bios that have had a great recent run. Looks well coordinated.
The best will rise again, and quickly.
smells more like flatulence from a bear raid
I added 10% at 11.17. Should've held on a bit, but looked like it was bouncing. My average is still $6.39, so I can't complain too much.
Sentiment: Strong Buy
sold a few puts, could not get all I wanted, but I did not want to pay up/chase.