Taking a real pounding today on news of Gregory defection to Blue. I suspect we will wallow for a while and continue to sink unless some offsetting news is forthcoming. These are painful times and it is frustrating to have to wait interminably for what should be great ultimate results. This personnel change will at least force some heavy discussions by EL and the BOD.
Interesting action today. There was a concerted effort to close under $10. A lot of volume became available whenever we got over $10. After hours trading indicates that your forecast for Tuesday could well be correct.
SGMO is down today because no big upside news emerged from the recent conference. The market always hopes for big news and overreacts to the downside when news is more mundane. Basically there was no bad news and EL essentially reported that SGMO is marching on with the developments currently underway. Patience ultimately will be rewarded but not this week. PPS will tend to wallow in this general area for a while. We still have all the potential we had before the conference. There is no better technology on the horizon but everything worthwhile takes time to develop.
Sadly there are few buyers today and yesterday's rally is rapidly fading. Yes the financials were ok but we need some real news to move the PPS above the present range. Without NEWS we will continue to wallow. Yesterday was nice but we seem to be drifting back to where we started ($14 area).
Sadly this board has degenerated into something less than useful. I'm in the long crowd. Patience is always required in early stage bios. This is a high risk, potentially high reward situation and until more news comes no one can know which alternate will prevail. Longs would not be here if we did not believe that there is gold at the end of the ONCS rainbow. I tend to ignore the ignorant chatter as I wait for solid news.