Cytodyn Inc (CYDY)

[BreezeWoodAcres]

Tomorrow we get word that J&J vaccine will get approval. Seems that all the noise is about vaccines and herd immunity at this time, but new variants are popping up every day and there is big fear of a 4th wave developing. Markets are shaky right now and we seem to be the go to for shorts, never satisfied with our losses and their gains. Until results are released, it is like a shooting gallery on the OTC bio market. Longs know what we have and will hold but any new blood seems ripe for the pickings. There is not enough buying to withstand the attacks right now. Wednesday run up was expected but today shirts let stock run up early and then played their cards not once but twice. Opened higher with resistance at $5 before finally getting through to $5.15 then first wave of shirt action came in bringing it down .70c pretty fast to $4.45. Not sure how we collapsed as we had $4.50 perfect. It setup and it ran slightly up to around $4.63 before round two of shirts may have scared those who bought in at $4.50-$4.63. GSK results have no comparison to our ongoing discussions with the big 3 but the narrative played out that maybe we will be given same type of results. Any doubts will be answered tomorrow with no PR for failure. Heading into the weekend looks like another battle brewing tomorrow as fear and FUD will play into shirts hoping to bring price down below $4. which for all intents and purposes could happen as resistance will be at $4 then much lower from there before retracing back to above $4. OTC is like the Wild West and with big market sell off today especially in bio there could be some more pain in the offing tomorrow. We are in it to win it. Long and hodl.