Athersys Inc (ATHXQ)

[goupupup]

Mutual funds are most usually on an October fiscal year. This is done so that they can reach out to shareholders with results by the end of the year. They often sell their unrealized losses to show holdings that are at current prices above cost. This is called window dressing.
Individuals often start tax loss selling OCT, NOV to get a jump on end of year decisions. Could start even in Sept, for quarterly filers. Once the stock broke support at approx $1.40 , it was suspect to reach $1.00. The management team has not delivered, performed, accomplished. They are being known as good talkers but not doers. All of this causes despair in the minds of ATHX investors, and when the rest of the market was good, some don't hesitate to cover gains with existing paper losses.
This distortion in price to value, is not manipulation as many have guessed, but rather movement of high beta equities. Does the future hold promise, potential favorable events??? YES. New CEO to steer a rudderless ship. Approval in Japan, soon--maybe. Trials results, here and abroad. Sale of licenses for sales in Europe and elsewhere. Sale of the company. Friendly, or tender offer. It ain't over, the stock is acting like a company with no future possibilities, this is not true, as illustrated above. STRONG HANDS PREVAIL, seems to be the right course of action .. GOOD LUCK LONGS