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Re: wimike post# 437544

Friday, 01/21/2022 7:25:04 PM

Friday, January 21, 2022 7:25:04 PM

Post# of 692884
Seriously manipulated biotech stocks that have been price suppressed for years can and have moved 600% on no news what so ever that was directly related to the stock such as trial results, approvals or buyout. No news Zip! One of my holding in Summer 2020 moved up from $5 and $300 million Market Cap to peak at $30 share in a matter of just a few days. It was a heavily shorted battleground stock like NWBO that had a cadre of persistent and prolific naysayers. Just like NWBO. 18 months earlier in Dec 2018 it traded as low as $1.26.Today it trades at $13 handle having persisted for many months at $14-18. Arrowhead did the same thing a few years earlier. Before any approvals went from $3 to $70 plus in less than 18 months. Also look at Cassava. There are many such examples I just named the ones I owned and followed. One should not discount the power of Wall Street and the Market to supercharge Biotech stocks. One big whale like Ark Investments or Baker Bro taking a position can 10x the stock in days before you have time even to think "who done it or what happened" Sometimes when the downward manipulation pressure is removed the stocks just flash over to a 5-15x higher valuation.
BTW a curious feature of most of these flash over biotechs have in common is they were heavily criticized by Adam Funkstain or whatever that disengenous journalist name is.
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