Avid Bioservices Inc (CDMO)

[tech0200]

Was it somebody getting out or somebody shorting?
If a professional shark decided to attack and short this stock he probably will make some dirty money on it. Is naked shorting still allowed? We can feel safe that we have the SEC on our side protecting us.

"Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited."

http://www.sec.gov/spotlight/keyregshoissues.htm