Iovance Biotherapeutics Inc (IOVA)

[badgerkid]

GMH, most of our analysts have reiterated. There's nothing in the 10-Q that looks negative. It looks like a well orchestrated short attack or MMs going after all of the stop losses that were just sitting there for the taking. From our low a few weeks back, you have a lot of new investors that were likely buying into the Q1 call and may have added to all those open stop loss orders or got sucked in on the morning panic sell. Surprised that it got so low, but we've seen this too many times to be shocked: good quarterly call, positive results, allow a few buyers to pay higher prices, then attack the stock.

My reasons to hold haven't changed. I tried to sell some puts this morning, but the premiums didn't excite me, so nothing added as my sell offers weren't hit. I'll be adding some shares next week with a few more deep in the money calls, but I was tempted to add a few more shares this morning as well. I'm sticking to my plan (as tough as that is after such a good call and a ridiculous sell off).

Nothing for me to do but wait. I can't find any news or reasons to change my plan. If anything, I'm even more confident in the future of Iovance after yesterday's call. Unfortunatley, we're right back to the initial premium price after the approval and the secondary. Time may be the only issue to those looking for fast money.

The only item of note was the S-8 this morning, but that's not news worthy (or it shouldn't be).
https://ir.iovance.com/sec-filings/sec-filing/s-8/0001104659-24-059473