Avid Bioservices Inc (CDMO): Fish where the waters are cloudy.......

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growacet

Re: None

Thursday, 03/03/2016 5:01:12 AM

Thursday, March 03, 2016 5:01:12 AM

Fish where the waters are cloudy....

And these are definitely cloudy waters....terminated but continuing, weird weird weird.

I wasn't invested here back in 2012 when the PPS fell from $5+ to around 75 cents before recovering, but I see the possibility for a similar dynamic here...Investors were rocked by the PR, the PPS collapsed, but after trading AH down around 32 (or so) cents, the following day the PPS held up and even climbed back above 40 cents for a time.

Cloudy waters...no doubt investors were scared off by the seeming failure of the trial, yet somehow there were enough buyers stepping in to prevent the PPS from eroding further than what it did AH on the day of the news.

Curioser and curiouser...

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.