Avid Bioservices Inc (CDMO)

[NoMoDo]

Wow. Ok. Ill bite. What is really happening? Is this another Dow analogy?

Here is what I see: Last week we had about 20 million shares traded. We rose over 30% in a week. 11 million shares were traded on Friday alone. The quarterly report came out and while it was pretty positive, it did not provide any direction in the areas of a test kit or potential partnerships. This caused the stock not to go up even though there is no reason for it to go down. Day traders and our regular shorts, plus a potential PPHM few million ATM shares are now selling, but the price didn't return to .29. After 1.8 million shares today, the stock seems to be holding its own at around .34 even during the lunch hour dip.

What did I miss?