Avid Bioservices Inc (CDMO)

[bfiest]

I think somewhat predictable trading pattern. Those that are exiting have either been scorched badly by past events over the years that they aren’t seeing clearly and focusing on the exit — or short term traders looking for the quick buck and not taking the time to understand the situation fully. CDMO is likely 2 good accounts away from ridding any concern of long term viability in this market. Once that happens, signing new customers becomes much easier. Lias signaled there were 2 good accounts in the wings very close to signing. Lias has proven to be very conservative in his remarks to date. Indicates, imo, that these 2 accounts are as close to a done deal as one can get without signing. So we have 2 opposing forces at this time with no clear winner. That is about to change in the upcoming new year. Close those 2 accounts after the first of the year and the believers will be in good position to ride this into new highs. Although as we all know there are no guarantees in this world just good bets. All IMO.