Avid Bioservices Inc (CDMO)

[westjtter]

Total shares traded jumped up to 789,000 with more than half coming in right before the close....don't know why we seem to be seeing this familiar pattern regularly now?

Obviously the MM is picking up shares throughout the day and then showing the traded stock at the finish. So who is he/she accumulating these shares for?

What is very clear, is that this is a tough market and very difficult to build on any gains even after our solid day on Friday.

I am just not sure what it is going to take and how long to get this stock rallying again? At the very least I could not see us going anywhere until after the financials and the CC....will the numbers and guidance be good enough to finally start regaining some of our losses of late???

Very frustrated, but at the same time, if I am going to have to hold a stock until the smoke clears a bit and we get more clarity on the Ukraine Invasion, inflation front, supply chain issues, and China lockdowns(do not remember having so many stock market related issues and concerns in a very long time if ever), well it may as well be Avid...at least they are on a high growth/strong profit trajectory with their expansion plans which should pay off at one point! IMO

So if we start to run higher after the CC, than great, and if not, I guess we will just have to be patient again for a while! UGGHHH!