Avid Bioservices Inc (CDMO)

[tech0200]

I think the only news that would make the pps to jump would be a buyout. I wouldn't be surprised if a merger doesn't cause the pps to go up given how manipulated this stock has been. It has been down 4-6% on very little volume so many times and it has also been down about 5% with buy volume several times greater than sell volume on so many occasions. On such occazions the pps should have gone higher and not lower. A stock cannot be more manipulated than that. We already got excellent news for the new viral plant and it didn't stop the pps to go lower.

It looks like the MMs can do whatever they want with the pps and they are/have been cooperating with whatever entity/entities are buying or selling short. I think it's time to sell the company. NG and Carleone have lost now more than $100k of their hard earned money. They each bought 20,000+ shares at 10 or 11. They must have felt that was the bottom.

My hope is that whoever has been shorting will load up to make money on the way up. They can take this stock below 1 if they want but they might not want to make what they're doing too obvious.