They don't care what the co. does, they're traders. They'll just as easily go long if it gives the signal. Don't confuse the two groups: Investors vs traders.
Maybe you're confused about trading vs investing. I trade to make profits. That's all. End of story. If this company can save lives, that's awesome. I hope it succeeds greatly.
Don't forget that when talking about valuation, you have to add the recent purchase of Abeona. The pipeline is now broader and they have raised more cash. Will be interesting to see how the story unfolds from here.
PTBI is only $85M market cap. Look at all the others they list as "comparables" : Here's just a few of the big ones: Avalanche Bio (AAVL) $820.1 M, Bluebird Bio (BLUE) $4.56 B, BioMarin Pharma (BMRN) $19.39 B, Intrexon Corp (XON) $4.74 B, Juno Therapeutics (JUNO) $5.24B, Kite Pharma (KITE) $2.65 B
Thanks but I will be the first to say that it tanked more than I expected. The shares I bought AH's at 2.60 let me both cover and go long. There were 21k shrs at 2.60 shortly after the market closed which was strange since the stock closed at 2.78. One very strange trading day for sure. Looked like panic (capitulation) selling to me.
WGBS was pumped on Twitter by SuperTrades and his lackeys. It ralled briefly and then tanked big time. It has since come back all the way and has even traded higher than the pump price. Maybe there's hope for PTBI but now I'm just talking my book. lol
If PTBI is so tightly held by insiders and tutes, where were all those shares being sold yesterday coming from? Block after block of selling out of nowhere. Didn't even show on L2 just kept popping up out of nowhere? Very strange day.