Avid Bioservices Inc (CDMO)

[skweze]

CP - I think you hit the nail on the head: "OLD TIMES." It seems nearly impossible for many investors (or at least me) to interpret market signals under the new back box paradigm. I wonder if the new obsession with "liquidity" is not harmful to the long term investor. I also question the market maker exemption to short selling. When you couple that with algo trading, there are virtually unlimited shares to play with. I am beginning to suspect that algo trading had a lot to do with driving the price and volume in March, and that there may have been no other underlying reason for that level of activity. There have been comments about supply and demand. But is any of that relevant when the supply curve becomes skewed to nearly infinity?

I think you are using OLD TIMES PUBLIC MARKET KNOWLEDGE.

Those balances are gone since long, together with a few others.

You have no idea what algorithms can do, and certainly on NASDAQ in combination with several ECN access points. I could show you around and you'd probably sell all your stock of all companies or get a nervous break-down, whatever comes first.

If such a new box with new algo's is started up those who build it sometimes even don't sleep for several weeks just thinking about what would happen when it goes wrong. (See news beginning this year for an example that costed Billions) because those things can have bugs that will only show up at a certain stress point or in certain combinations, etc.

I am going to make a bold statement here: A box can move PPHM to 1 cent or to 5$ dollar in one day for NO REASON. What about them (whatever)s!