I agree that the takedown from $10 to $5 was a robbery plain and simple. Stocks rise and drop, sure. Biotechs soar and plummet especially hard when they fail trials. However, the day that CYDY went from $10 to $5, notorious short seller Andrew Left just happened to put out a research report on CYDY that he removed all traces of later the same day. Also, a poster came onto this message board and said he was given advance notice from Left an hour before the report dropped. Sykes linked to the report on the Citron site, though Left had not officially put the report out. Coordination, Collusion.I've followed Left and Citron Research for years and years, and I've NEVER seen him pull a report. Instead, he brags about it. (At the time, I thought perhaps somebody in gov't told him to knock it off, because perhaps Leronlimab is being followed intently by the FDA.) I don't think that's why he pulled it now. I think it's because there was too much heat on what he did, and he'd already achieved what he wanted to. Lastly, the day the stock dropped, it was technically overbought. This is true. However, all serious technical analysts know that rising stocks enter an overbought area and make much of their gains while in that overbought range before retracing.
Here's my message: Anybody who tries to convince you that what happened that day was only due to the stock being overbought, is trying to bamboozle you. They are not to be trusted. They are not technical analysts, they are frauds. So many words have been wasted to try to justify the crime that was perpetrated; to get everybody to look away; to blame THEMSELVES for holding the stock while they were victims of a financial crime.
There's a word for that: gaslighting. Blaming the abused party. Convincing them it's all in their head. Notice that some folks who deny that anything untoward happened on that fateful day also claim to be stockholders, and were badmouthing the stock repeatedly before the short attack happened. Why would anybody deny an attack happened? We all saw it firsthand, in realtime. They might deny it happened because they have an ulterior motive. If they can rebrand themselves from a basher to a T/A aficionado, they might get people to trust their words. Then, when it's time to try to attack the stock again, they suddenly sound the alarm. GET OUT, the stock is going to collapse!!! Well, the duped say, he warned us all to sell before (he was early, warning everybody from $3 per share, continuing to warn while it rose over 300% from there to $10, but he doesn't mention that). He's warning us again - we should sell!
If you sold that day, you were a victim of a financial crime. If you held that day, you were also a victim of a financial crime. Those who held, you should not to be made to feel like you were unwise. It's not that you didn't read the technicals. You likely believe that Leronlimab will be a success, and you are not willing to be scared by any non-science related attacks.
There will be more attacks, subtle and not. A couple months from now, there might be a whole new shareholder base. The penny flippers might be gone, and long-termers might predominate. If this happens, the shorts will move on to another stock which has a retail shareholder base they perceive as weak. They'll pretend they never heard of CytoDyn. I've seen it over and over again. Andrew Left has been wrong so many times, and he's even changed his mind on a stocks he's been shorting and done a complete 180 degree reversal.
Leronlimab has been proven to work for HIV patients. It met its endpoints in multiple trials culminating in a successful Phase III registration trial. Compelling evidence points to efficacy in HIV mono therapy, Covid-19, and Cancer (etc.). That's what it will all come down to. I'm not going to listen to anybody who says wait for an entry at $4.50. It might drift down, but what if the data comes out and the stock goes to $15 or $20+. Would you make your buy at $20? Or would you say, "Oh, well, shouldn't have waited to buy lower. I guess I won't be owning CYDY. It's too expensive now." This certainly helps the phony "T/A experts" out. Sprinkling the seeds of doubt. "Don't buy yet," they say. Or, "Sell now, it's gonna crash." Softening up the target, again. Don't believe them. I'm sure all of you proficient T/A folks have noticed the phony one's strange and inconsistent T/A posts. They are full of Orwellian doublespeak as pertains to analysis. I can't even read the stuff. Not worth my time, or anybody's time!
