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Re: stockorus post# 164932

Wednesday, 05/12/2021 3:54:57 PM

Wednesday, May 12, 2021 3:54:57 PM

Post# of 233457

In our case, Nasdaq going down is probably more like a cover for short-sellers to slam down the price in coordination with uncertain or lack of good news. We are not in Nasdaq yet, so no big ETF type investment would have us included that our price will fall along with XBI etc. That's my logic.


Good point. XBI isn't down much today but almost every Covid therapeutic stock is down 4%-8%. So maybe it is the positive news that vaccines are working that is causing the downward force. Several states are hitting really low levels of Covid and some states reported zero deaths in a day for the first time.
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