Avid Bioservices Inc (CDMO)

[skweze]

Hard to tell exactly happened during the 80 million share spike, since there is zero transparency in the market anymore, but it wasn't ALL bots and day traders. I think you make a valid point about setting up sellers for the next leg up. Sucks if you didn't take some profit at $3 the last time, but it will suck even more if you sell at $3 on the next run and then watch it go to $8.00.

This itself won't create buyers. However, IMO someone is loading up in anticipation of news. Partnership, kick ass clinical data re breast and/or liver, CNBC coverage etc. and we take off.

Also, IMO there will be a lot of sellers in the $3-$5 range who have been set up given prior pullbacks. However, this time it does not pullback until much higher levels. Once again, we shall see.