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Tuesday, June 04, 2024 10:01:11 PM
Assuming Linda is neither a dummy, nor so desperate at the time being, or outright indifferent to retails' long suffering, then the deal with Sio today at such a depressed price of merely $0.40 per share for slightly above 8 million shares may be a harbinger of something good is coming in terms of price support we have been lacking for a long time albeit Sio not a a huge hedge fund we have hoped for.
It seems Sio Capital may be the culprit of recent consistent stock selling followed by several-day consistent price appreciation. On the other hand, nobody would expect Linda would have thrown the kitchen sink now just three weeks from ASH meeting on 29 June.
At least Sio employs several Research Analysts with biotech background who may finally publish their analysis report on NWBO, advising their clients and readers to buy or sell.
We has been deserted from the biotech analysts world for so long a time, it's time to see some coverage starting.
If the above does hold some water, then the price may either drop to around $0.40 as most would expect, or hold around today's close of $0.49, or after a hiatus continue the uptrend appreciation.
The bottom line is somebodies may seriously accumulate behind the scene; at some point, the trend may be unstoppable.
Do you think Linda wants to face with ever increased numbers of angry investors in a few weeks?
Anyhow, it is good to get some dry power ready, either average down or up if you believe we are close to approval.
![Bullish](/static/images/ih2-bull.png)
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