Avid Bioservices Inc (CDMO)

[Protector]

Not if you know there is some article coming up with impact. They don't invest, they kind of gamble with an advantage of knowing something that needs only to be true for a couple of hours or a couple of days.

When this news makes it to Comtex/Bloomdale and Reuters it will appear on millions of consoles and on the NASDAQ news list and not only in the Peregrine's list but in EVERY list of the other 9 ranked stocks. Everybody wants to know who the #1 is in that list.

I am even sure there are people trading just on that and possibly if you have a subscription on The Street who knows you can preview stuff and know what's coming (now that would be good marketing :)

But even without that advantage lafont managed to get the article minutes after it was published, during New York lunch time, and the Stock is only going to react when the news will be more widely spread. However, the big deal was the two past days filling around 2.07-2.10. The CC did the needed job to make that possible and if then you knew there was going to be an article in The Street with a positive #1 ranking for PPHM - bingo.
I am even going to try to watch Kremer's next CNBC appearance, you never know, sometimes he is full of surprises.

So such traders are not interest in long term results. they aim for a quick 25 to 50 cent times # of shares (let's say a modest 100.000) and they make 25 to 50 thousand in a short period of time and then do it again with another stock.