Avid Bioservices Inc (CDMO)

[Frustrated]

Why has 8:00 become the standard bearer time for PRs? I've invested in many companies that PRed in the afternoon

Yes you are right many companies do PR's in the afternoon but that would be companies that actually want the stock price to go up. IMO, mgmt releases news at 8am so that their partners can position their shares in the morning and make a quick buck. If you notice the shares always go up in premarket and usually wind up even or down at the end of the day.

8am has come and gone today so there will be no significant tnewsday and the 2009 newbie list is still intact with the Bavi and/or Cotara partner catalyst. This is a good thing as we are lucky we are not at $50 right now so shareholders can buy more. Time to take advantage of the bargain.