Stellar Biotechnologies Inc. (SBOTF)

[StoogeNo4]

Hard to say, but in spite of technicals, it may not get down past 90 cents. I'm sure loads of warrants are being exercised right here. Take a look at the news release from April that I posted today.

Any longs should have known that there was eventually going to be a smack-down to the $1 area based upon the $12M financing and where warrants were set. This is the area to buy shares IMO. If I'm correct, the share price should start to appreciate again from here. If I'm correct, it might be a good idea for shorts to cover. If I'm correct...I feckin' hate market manipulation. But we knew this massive pull back was in the cards regardless of the rest of the biotech stocks; which I'm sure also played a part in this.