Finally...a week of stability. The price felt like it was jumping a lot day to day, or even morning to afternoon. But with the perspective of the week being over, we were able to have a good number of sellers find buyers, without the price net changing.
I'm down 6% when I blend in all the various prices at which I purchased. It feels as though the price will never break through the invisible barrier where sellers are just waiting to get rid of their shares; either those taking a profit or the many more who bought higher and wished they had never heard of this company.
At some point, I figure, the volume of these "can't wait to sell" shares will get used up, and shorts are just algorithmically tracking this behavior and profiting from it.....as math and physics Ph.D's are able to program their short trading platforms for the hedge funds.
Although it's frustrating and feels as though we'll never get out of this rut, I try to remember the company has a likely-FDA approved drug that has a certain market size...whatever that unknown size turns out to be.
The company has to pick their dilution-points, and they won't want to pick a point where the shares are weak...the trauma of the past month is just immense...the astonishing collapse, and with data successful enough to get us to FDA approval, is a lot for the market in a micro-cap to absorb.
The charts and algorithms are going to force us to manually find more buyers than sellers making real-human decisions....and only then, only when the buyers are clearly bigger than the sellers, can we start to move up and bring in the people who buy when the weakness is over.
.....Hoping it will be over next week, but I'm skeptical...just too much turmoil from the dramatic gyrations of the past month.
