Avid Bioservices Inc (CDMO): Big on Tarvy How about an update? It'...

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jakedogman1

Re: None

Tuesday, 08/08/2006 5:31:54 PM

Tuesday, August 08, 2006 5:31:54 PM

Big on Tarvy

How about an update? It's been frustrating lately. I think someone wants us to be frustrated.

My guess is the stock is under accumulation and the PPHM boys know it. At the end of the day, the more stock the acquirer gets on the cheap means a higher price at the time of reckoning. On the final day of the Russell rebalance, 23 million shares traded. My guess was 8 to 10 mil shares were needed for Russell rebalance based on the previous year holdings. IMO, this is under accumulation and the big boy(s) does not want to pay retail or have the price rise while under accumulation. SNIC had the same pattern when their tech was finally discovered. Institutional ownership increased at the same time short interest increased and bashers came out of the woodwork. All against the backdrop of great news. Be patient and you will be rewarded. All IMO.