Avid Bioservices Inc (CDMO)

[senrex]

purpledawgs....I'll take a stab at your question.

There's thin trend line support just north of $2.70; if this market sells off again, however, I fear $2.50 is a much more realistic target. That's a 100% retracement from the low set in late December of 2009.

Daily chart sucks. Monthly chart contains reasons not to despair. Anything good and unexpected can happen -- charts or no charts. Charts are just a guide; they're not the Holy Grail of crystal balls.

That being said, I'm afraid we could be in for an ol' fashioned PPHM torch and burn party that some of us thought would not likely happen again. Those 20,000 July $2.50 puts are a real wet blanket.

Sean