For the Record, I have been in two stocks like this - KOSP ended up being a 5 bagger for me and MNKD ended up a virtual total loss.
I purchased an additional 1000 shares yesterday on the insider news. My reasoning is the Chief Science Officer buying 100,000 shares tells me the science is solid, no boogeyman in the closet in terms of side effects and supreme confidence in upcoming PIII. The other insider purchases tells me the business strategy is poised for near term gains which tells me they are more likely to sell or partner than they are to raise more capital through more shares.
I wasn't home when it hit 2.22 so I added at 2.08. Looking at the trades, the down spikes are on share blocks between 2 and 10 thousand shares. Could this be their agent tapping the ATM? I was wondering how they sell ATM without tanking the share price considering how few shares trade on a daily basis.
Will tnxp share price rise as we approach trial release? Since I'm kind of surprised it hasn't already, I'll say "no". Then again, I'm almost always wrong, so maybe the answer is "yes". What to do, what to do?