Soligenix Inc (SNGX)

[jbsliverer]

Hard to tell exactly how many day shorts were on the pps drop with OrBec taken out of the equation and probably there is always a select few who know before the most of us. I still believe though that the vast majority was just the market disappointment and it took the phase 3 out that many people were in it for. The bid floor just caved from the pressure and many investors are just gone or like you stated, watching and waiting for some more "beef".

I'm not sure if there would be any particular one catalyst to make the pps support a lot higher, but a little higher wouldn't hurt. I believe they should come out with some confirmation of their current and any future funding securing some market sentiment, more on what they will be working on, and that they have realized what mistakes were made. What if anything salvageable out of those mistakes, their ability to adapt to the situation, and still be able to move forward.

The market is pretty fickle, and patience within that market is hard to come by, and there is always that risk of people moving on with their money to different things (even if that's loosing it to some P&D). That won't be a good thing for the pps, so SNGX better stay on top of that issue, and continue any transparency hopefully to their progress. Along with doing it in a timely manner.

If SNGX can do that, there will probably be some more buying, definitely more holding, and a higher base formed. If not, we'll bounce around at these levels for awhile or even a more negative situation can arise.