specialists know how to create a panic. Start a dump late in the day, so the average retail joe, if he's watching, strongly suspects a leak of bad news. He sells and all his like sells, more stop losses get busted, your next average joe sells some more, etc etc down the line until an absurd level is finally reached where substantial limit buys start to kick in. Then it's time to start covering the specialist shorts and it bounces back up sharply, today from 88 to 1.07.
It has nothing to do with the company at all!! It's all about removing the backlog of stop losses and getting cheap stock.
Too bad this is how it goes in development stage companies, but one learns to buy opportunistically as these events recur every four or six months, depending.
Way back when, when I was first in CYGX, I foolishly sold out in a stop-loss raid. The next time, I didn't do anything and it recovered again. This time, I bought more!!
I continue to expect great things from this company.
w!
