when things don't go right. There was a huge institutional holding on this one and it could be that they're selling out (at least some of them ? maybe) that's keeping this under extreme pressure. Or they're trying to average down and get at lower than valuation price. Either way this gets manipulated.
That's what i think.
i think my thesis is going to be right. this will be under pressure for few weeks... not going to rebound easily until all the retailers sell and move on.. i do see $1.60s in the cards where i'll add some more.
i don't know.. .never catching a falling knife again...lesson learned here...
this is too much... look at the volume..where's this coming from?
at this point i will be more than happy and call it a day if i can just break even......looks slim...but still holding.
just my opinion.. i could be wrong as i have been wrong many times..
Based on the price action i have seen here after they did financing at $4... stock dipped to around $3.60s and was kept under $4 for many days until some of retail gave up and sold quickly as it rebounded to $4 line....It was very boring to watch.. ....then it started going up and within 30-40 days stock went from $3.60 to $6.50 before the data..... so by looking at that action, here's what i think could happen:
Stock will be put under same pressure (under $2---just like it was put under pressure under $4 few months ago)...... most retails panic and sell probably at lows... it could hit $1.60 - $1.70 range... (it could, maybe not)....then i see this bouncing to $2.50 range by end of April or so.... $3 line probably end of May time frame..
but i could be wrong and it may sharply rebound tomorrow.... but these are my opinions....
last time i saw you went long OXGN, so do you own any shares now (long) ? or are you a angry long who lost money in OXGN ?
I think OXGN should see nice rebound from here ?
many called double triple bottom and it bounces from here... well no bouncy so far..... i am watching for a possible entry if it pulls back further on Biotech/market correction. Any thoughts on how low this can do. of course, it can go much lower than the cash price.
well it surprised us all and it went down to $1.90 from $6.50 ..... So we went down -$4.6 unreal...