This was always the case in every trading range of 10 cents in this stock. Slowly pushing lower highs and lower lows over the time.
It sure looks like it.
I think you are very wrong. Those who know, selling slowly and in low key not to make any suspicious of what is going on. This is a text book example of how it is done leaving always retail in dark.
I also noticed this preparation. There is still a lot of sellers and their interest is to keep high as long as they need to exit before next leg down. Look at the chart, slow but deadly down move in this low key Death Spiral.
Those are the worst ones trading like this.
in 1.66 and slowly pushing it lower. We all know, stock will soon be trading around the set price of $1.22 and iut will go lower because that is the nature of the deal!
going forward. Comparing CPXX to KBIO is right thing to do as there is chilling resemblance of not just trading action , chart and past news released but the way it is done...scary carbon copy of another failure.
Honestly, I actually had nothing against his comments at this time. Maybe they will delivery ,who knows. But even if they do, it is years before they would see any money and shareholders would get killed by another financing . For shareholder would be better if they fail and people would move on after great lesson not to be naive .
1.68 is good price to add to your short positions as others suggested as well here.
It is obvious more and more people know about rumor of failure in phase3 and that's why we see such massive exodus for several months now. SELL
It looks like today was "Set day" for tomorrow large drop caused by massive short selling.
Yesterday before it dropped there was almost same amount from G#$%$ and it looks like it is the same short sell again today.
Well, I have explained several times in the past how it works and what end it will be for this stock.
I'm long enough it this to know EXACTLY what and why stock is trading like it is. It will get Crushed at the end
as there is widely knowing that Data in Phase 3 just didn't work. Smart institutions sold off in course of several months in smart way not to raised any suspicion ...but look at the SEC filling .....Nearly one million shares was sold and many institutions are totally out of the stock.
Today drop in price will continue on lower volume as this is done smartly ,not to cause panic when selling it out. That's the way how it is done before bottom fells out and bad news will get known to public.
Look how nicely they got you yesterday and only winners are those ,who sold yesterday because soon this stock will be much lower than yesterday's close.
not too long ago. Deal with such croocks first or lose more if you can't do your own DD right.
Rest of the not so smart small institutions are finally getting all out. It took them too long to realize they made giant mistake . They never did proper DD and only trusted morons like Roth with their $18 price target......lololol even miracle would happen and data would be fine, FDA approval would be almost another 2 years away......Ouch! Think about it...waste of the money either way.
I think, this latest developments showed again that all that cheering about so far progress is just that!
There are no solid facts at all just mathematically "encouraging" signs and those usually fail as trial goes further. It look much worse today then it looked on Friday after stock gaining $.01 gain for the week.
Another selloff today is telling you to get out before bottom fells off.
Every single bio stocks were at the same range up except CPXX again.
It is really looking more and more like KBIO anyway you look at it.