Avid Bioservices Inc (CDMO)

[Protector]

Aces, we touched 19.03$ on Feb 8, 11:06 (that is in the main session, not pre- or after hours), which shows it is possible. The volume of that bar was about 9K, which is not a lot, but it marks the chart.

Normally, February is not the big run-up month. However, these are special times with COVID-19, financial reporting of companies on a strange economic year, where some are going to be expected to have done HUGE business, while other could will be driven into bankruptcy.

CDMO is in demand and production does well. However, look at what happened with Pfizer. They are first on market with a vaccine and everyone will have thought they would do great and yet it is not what the numbers and the PPS show. Dec 9, 43$, today 34$.

So, if many IIs, retailers, etc will anticipate catastrophes related to financial reporting of companies they are invested in, then the cash will move elsewhere, in safer places.

CDMO might just be a safer place for some and that might drive us further up. But in any case we have strong, well spread, support. The time that Blackrock on its own represented near 10% of our II investment are over.

Having mentioned Pfizer, I'd like to attract attention to the following. Look how the market pulled the PPS up in a VERY SHORT moment, just before on DEC 14 it falls brutally.

That is what happened often before with PPHM. CDMO on the other hand has build up (doubled) over the last 4-5 mounts. Compared to the Pfizer situation I think it is fair to call that SLOW. That is why I claim that there is strong support because it sustained a long, consistent and solid build up.

And of course, I will from time to time appear to pull it down some, just to keep everybody with their feet on the ground and because I can :)