Tonix Pharmaceuticals Holding Corp (TNXP)

[blackdeath]

I have posted my thoughts few minutes back. Yes, PPS movement is sentiment based. And because sentiments are difficult to judge and predict, I normally try to look at pattern followed by big players like tutes or retail or mutual funds.This can be predicted by looking at BOP TSV and Moneystream. PPS often follows the big money.

And there are 2 catalysts that will provide a nice movement for this stock. I am calling long on this stock.

- F203 Long-term safety study analysis from BESTFIT in August 2015
- Phase 2 data with TNX-201 in the Q4-2015

Any movement below 8, i expected a drop, and hoped 7.8$ to hold. And it was holding nice. But look at what happened when IBB staarted dropping from 370ish to 363ish in couple of minutes - retails were not willing to buy at 7.8ish, and they were infact selling their shares. There was around 40-50K shares traded that broke 7.75-7.9 resistance zone. To me that was overreaction. And institutes were happy to increase the position when price dropped below 7.5ish. MMs knew this, and were happy to bring the PPS down.

IBB is marked in orange, TNXP is red/green. And you can see the volume as well.