Cytodyn Inc (CYDY)

[hopester]

I fully disagree with Scooter on several levels.
1) Who can deny that the trend of this stock has been down. That means the last 3 CC's, 3 interviews ( Been, Yo, Paterson ) was unconvincing to the market as it slid down in px after each one.
At this point the science is not being taken seriously . Lino could claim it changed water into wine and it wouldn't do one positive thing.
2)- There's nothing in the price behavior to suggest these are short term investors. The slide has been going on for 6 weeks from the high and whether shorts had much to do with it or not, buyers have not stepped up. Buyers are noticeably absent.

Momentum indicators are showing an accelerated pace in downward direction. Much the same way as they showed an accelerated pace to the upside with its move to$10/sh 6 weeks ago. Now chunks of price are being taken out.

I wouldn't touch this now with anybody elses money. I've offered the technical reading and the chart, indicators... often warning of this. Now it never been more clear. It's heading lower and very soon.
There's nothing change things as the science is already known and has been unconvincing to reverse the trend. The technicals are blattantly obvious and screaming to stay away.
Choose to ignore the market and the result is shown.
I totally suggest to avoid buying this stock. There's more downside coming.