NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Lack of selling, on a friday when news is anticipated, and the stock going up is probably a sign that even shorts are being careful at the moment. I agree it doesn't mean anyone knows there is actual news prematurely, but people know what the PR's said, the timing announced, which was a slight extension on previous timing, and hopefully should be quite accurate. That suggests that an application could be submitted at any time now. So yeah, selling volume could be tight. Low volume can be an indication that there is not a lot of appetite to sell, and if green in that context, that there is probably a bit more buying interest than selling interest.

That indicates reasonable anticipation of news to me. Obviously the news has not hit yet, so the volume buying is likely pending such news. And even with such news, sometimes shorts can push a stock down when it should go up, which even happens on FDA approval frequently. Shorts trying intentionally to frustrate longs is kind of a thing. So I try not to assume too much from price movements because often they don't match reality, because someone is trying to foment a false reality to take advantage of an imperfect market.

But being up almost 5% on fairly reasonable average half-day volume, on a day when no news has hit, it's probably suggestive of anticipation and some FOMO.