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Re: coldasice post# 11388

Friday, 09/14/2018 11:08:38 AM

Friday, September 14, 2018 11:08:38 AM

Post# of 12137
Okay, I agree that volume may suggest otherwise, but no, it wouldn’t surprise me that some fund managers are taking some profits before the end of the quarter. I recall something similar occurring about this time last year.

I also think that the ATM offering was actually a wise and prudent move by management. How did they mess it up? Are you saying that you think this price decline is a delayed reaction to the offering announcement? And further, because the CEO is a dull speaker who refuses to provide forecasts during the conference calls, the stock is down 25%? (another delayed reaction?)

I’m not so sure that adequately explains it either. Could it be that the price just got ahead of itself due to all the institutional buying? (And maybe Shelton stating that he anticipates 5-7 clients applying for approval this year?)

And BTW - BLFS (with their superior management team) is well off its high.
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