Probably just the Venture Capital firm that had approx 600,000 shares, sold out. Stock should rip right back to 13-14 in next few weeks . Pressure should be close to done here, when they are done, we'll bounce quickly probably. Other technical sellers here too I'm sure since we broke some moving avg's etc.. Great buying opportunity IMO. Assuming they post a 13.5 - 14 MM rev. quarter we should zoom to new highs again
Their platform is not a technology, but its "science" and gets better over time not obsolete like a technology. This gets to the heart of a basic fundamental misunderstanding of Compugen's drug discovery platform
Anybody understand what she means by a growing number of complementary technologies ??
......"As we continue to advance our broad target candidate pipeline, this capability, along with a growing number of complementary technologies, is applicable for multiple potential discovery efforts.”