$GBIM good lesson for bio traders. -35% in PM on top line HBV data
- yesterday afternoon for no reason this low volume low float stock goes a bit nuts. Large volume spike, retail traders chase assuming positive data
- actually someone got a sneak peak at data. so to make money they initially bid up stock to get day traders attention and next sold into the fake rally. Bag holders are those that chased the volume.
It's unfortunate but a valuable lesson.
- BioHunter Ps: shoutout to Propthink for advising traders to exit back in April.
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