Avid Bioservices Inc (CDMO)

[Protector]

Wildhorses. I agree and enjoyed :)

One note, The pros and the pros are two.
The pro's in the first and last hours are executing brokers that open overnight positions and close day-trader positions.

The pros open the market and are usually done in the first hour unless it's an unusual market day. Jr. traders take over and hold the ship steady till the pros return in the last hour. Just watching the minute chart, when the pros came back, buying picked up again.

A second 'kind' of pro are the pro-traders vs the semi-pro and amatory traders. They are active in that window that you described. Machine trading for instance avoid the less controllable open and close unless there is a good reason to do otherwise.

So far for that, and it is an educated opinion.

About that capping at 29,50% that took place yesterday.

A) I neither do believe that the ATM was running

B) This capping is not intentional (e.g. against CDMO) but consequential (filling algo's)

C) Very often, without ignoring exceptions that confirm the rule, such massive machine action is a signal of something to come (in good or in bad). Hence the flat trading doesn't give away which one it is.

D) The AH followed by yesterdays PH trading and opening volume and price, seem to indicate that it is something good and the S&P 600 kind of the positive cause.

E) I also don't believe every gap gets closed. So now there is you, a poster you referred and me, so one more and we can play cards :)

AIMO