I can't tell you how many times I've seen this pattern in small biotech stocks. Meaningless/ or no news and sharp price drops. It could even happen after positive top line data comes in. The manipulators create a panic selling and pick up shares on the cheap. Everything is the same as before with CYTR. Given the opportunity, price should be $5-$6 prior to June, but it doesn't matter. Positive data will ultimately take this to $15 by July.
F-Stein talks people out of some of the best biotech stocks to support his friend's short positions. He talked me out of: PCYC, INO, he's not talking me out of CYTR. He's literally taken more than hundred thousand from my pocket by creating fear. He's an idiot. Not sure why he's still employed.