FWIW, I did add a few shares today below $4. For everyone that wants to blame the shorts, why do you now blame the company?
This was a very successful short attack, conditions were perfect for such an action. Negative sentiment in the sector, Iovance mostly met their guidance but didn't beat investor's expectations, 2025 guidance wasn't raised (yet), perception/belief that the company is not growing fast enough, money raised through dilution (somewhat expected and predicted, but still not a positive for most investors), but the short attack was happening before the market went into after hours trading and the full report was known.
I'm going to say this was fully preplanned and orchestrated. Not happy, but such is life in the stock market. Shorts may have seen a chance to start covering especially if they've arrived at the belief that Iovance is going to succeed. If that's the case, they needed to act aggressively and in unison to shake loose a lot of shares.
Good luck to the longs. I believe Iovance still has a very bright future, cancer patients will benefit as a result as will we as investors.
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