Avid Bioservices Inc (CDMO)

[westjtter]

There was a lot of volume buying between $7 and $8.38 when the stock price was running up....the pattern clearly showed a pretty big buyer in there....and conversely our price drop has come pretty much on light volume, which means that there are now some major holders underwater based on buying during the run-up.

Clearly there is now an absence of sellers and of buyers, hence the lower volume. As mentioned previously, I really believe we are bouncing along the bottom now, and there is a whole lot of quiet coming from Avid headquarters. Even Stephanie is back to not answering emails....does this mean there is very little going on and we are in the waiting game for drug approvals and subsequent contracts, or does this mean we are gearing up for some major contracts now and therefore all is quiet?

It seemed that some were quite comfortable buying over $8....lets hope that means we are getting close!