MEI Pharma, Inc. (MEIP)

[value1008]

I think a lot of what we're seeing is MM manipulations and also HFT (high-frequency trading) by computer algorithm programs that certain hedge funds use to fake out other programs run by other hedge funds. A lot of it is designed to respond to and also create chart-patterns to scare other funds (and certainly retailers) out of their shares.

I've seen this with numerous stocks over the past decade (when all this HFT gaming of stocks became more widespread).

Most recently i saw it with the biotech stock CYTX (Cytori). That stock fell down from 2.50s to 0.40s in Summer 2014 and early Fall after the FDA suspended one of its trials; then, even when the FDA greenlighted the same trial, the stock stayed in the basement.

Something like EIGHT different times since Oct. the stock failed to sustain for more than a day a move from the 0.40s up into the low 0.50s, despite numerous positive news catalysts.

Then, on Feb. 18, on MASSIVE VOLUME coming out of nowhere, on a relatively innocuous news release, the stock suddenly roared out of its 4-month long confinement in the basement and quickly more than doubled to the $1.20s (almost tripled intraday one of those days to $1.40).... No selloff back to the 0.40s, as had happened EIGHT different times previous to that breakout.

Where did all that volume suddenly come from? And why on that particular day?????

A lot of stock trading-action is utterly irrational and unforeseeable.

Okay, rant over for the evening....