Arch Therapeutics Inc (ARTH)

[Mike North]

Nobody has made a sucker out of you. If you sold, it's on YOU. You cannot blame anyone but yourself.

What has happened, is the people with deep pockets, the ones who have been flash crashing this stock for the last few weeks and are buying today, know typical retail investor behavior. They were ready for a buying opportunity. They supposedly know when there are stop loss orders and at what price, and they know when anything shakes the tree, Chicken Little starts running. It's a safe bet they know the process better than I do.

From their perspective, it was a likely scenario, considering how few small biotechs get approval the first round.