Prana Biotechnology (PRAN)

[sumotrader]

I have to disagree on a couple points iandy. The 52 week low was 2.18 and the PPS punched down through to it's new 52 week low of 1.81. PRAN puts in a new 52 week low pretty much every day now!

I also disagree about posters here being short, I think there are at least 3 based on posts I've read from the last week.

Shorts didn't cover last Friday or this past Friday, if anything they added to their short positions IMO. Huge selloff and profit taking in the Nasdaq/biotech sector has begun and PRAN will never be able to overcome with such weak management

If the company had anything positive in the pipeline insiders would be buying at these levels but nothing, only dilution so far.

There are dozens of other bottom plays without the huge risk to the downside that PRAN poses.

Caveat Emptor