Cytodyn Inc (CYDY)

[hopester]

Never denied manipulation was to some degree involved. But I believe it was not the primary cause having seen this type of behavior many, many times over years.
Technicals played a major role in the downdraft, just as they did with the updraft from $3-10. Momentum players exacerbated the move in both cases.
Shorts covered on the bottom and reappeared at the top. Buyers bought on the way up, and dried up on the way down. Stops were hit.
The negative article may have started it all but the stock was ripe for the taking at that time and to that degree and in a short period of time.
Selling begets selling and buying begets buying.
Nothing fundamental came out to convince markets that it shouldn't go in the direction it did. It was all Technical and now we'll find out whether fundamental news will bring it back and change the technicals.
The charts are saying, SHOW ME and until the proof is shown or indicated to be shown, it's likely the stock will drift or drop lower. That's what all the indicators are pointing to and w/o anything other to concretely go by, that's where wit stands.
So dismiss technicals if you will but I trust you have something better to point to right now besides what you hope will be.