Hey yi71 - I traded AVNR for 15 years while holding on to my core position through the buyout. Did quite well. As for Baker Bros, their timing with AVNR was impeccable. They cut a deal with AVNR then increased their holdings all in just over a year prior to the buyout and made millions. So for me, following Baker Bros movement with CYTR is something I keep an eye on.
Fundamentally, not a thing. CYBR is a heavily shorted stock and without any catalysts, the pps is being walked down at will with the lack of buying going on. Stops are being taken out. Smart buyers are staying on the sidelines waiting to get in at a cheaper price and will stay there until the pps stabilizes. However, I'm surprised management hasn't stepped in by providing a confidence boost to quell the anxieties. My view anyway.