Avid Bioservices Inc (CDMO)

[tech0200]

I agree with everything you said except for one thing in 5 (d). I have also seen stocks gap up bigtime only for the pps to flatline for the rest of the day. I think this would take out the day traders as they cannot make any gains trading a stock that doesn't fluctuate in price. We can only speculate as to who was doing the buying and who was selling in such a tight range.It could be some funds unloading some and some other,new or exsting, funds buying. The MMs are able to and can keep the price steady to facilitate the buying and selling.

This is only an educated guess on my part. I think the MMs and funds view the stock market as their turf and wouldn't want retail making any money long term or by day trading. Flatlining a stock that has very good reason to fluctuate a lot in a single day would keep the day traders away.

The MMs and funds also like to relieve retail of their shares by dropping the pps 3-5% on very little volume only to see the pps shoot back up very shortly. We have seen this many times with CDMO recently. JMO.