Just a few observations.
I was planning to add a few shares this morning. I haven't yet, as I thought the opening volume was weak and wanted to see where we were going. I will never hit the bottom as I always look to buy when SP is moving upwards. I will add when/if it starts moving up 4-5%, so likely around 0.90 on the way up if we do not go any lower right now. EDIT. Started buying at 88/89 just now 11:28est
I was a little surprised of the extend of the bear raid yesterday and continuing today. They do it because they can. Didn't think they had the balls to do it, AF article or not. That being said, CDEL have been staying away from the selling and adding at all levels. I don't know if that is covering for their clients or because they want to have shares when the price begins to move up again. I have more faith in them when it comes to being in the know, than the other MM's. I think traders have gotten crushed these last few days, which is never a good thing as they are instrumental in any upward movement of SP. Retail longs by themselves will not be able to move it up much without the help of traders.
I have been told from people in the biotech financial industry that there's a flurry of rumors going on about both BO and partnerships. As the saying goes, where there's smoke there's fire. That doesn't mean they will come to fruition, but that there likely are talks ongoing on both fronts.
I have gotten some grief about my statement that it is possible for them to uplist overnight, even in their current situation. People can believe it or not, but the last few days of trading should be a good reason why this option should be on the table. My sources have again confirmed to me that this is an option. I personally think that the reason this has not been on the radar before is that it would be very risky before the journal article as you need to be in a good place when doing this as it includes an R/S simultaneously. Not sure if these bear raids are a negative in this scenario as it does not send a sign of positive things to come. Maybe that's one of the reason they are working so hard to keep it going.
JMHO. See you tomorrow and GL to all.
