Avid Bioservices Inc (CDMO)

[biopharm]

Very true Mag! ....but you must understand my hesitation on this particular situation.

I will admit that buy on the rumor and sell on the news may be appropiate for most stocks....and for most people... and for most scenarios but...

1) I believe this is not like "most" stocks...

2) The question...now becomes "when does the news end?" ....the news will continue to trickle until that time when a BP says "shjjt, this data really is historically compelling...or like Garnick said.... so I disagree on selling because the news will continue ....and continue

3) I say if you believe ( I certainly believe) that this will ultimately come down to a buyout whether its 3 months... 6 months... 1 year....or 2 years... I will wait patiently ( heck...most here have waited impatiently for much longer than 2 years

4) I dont think most people realize the strength of the data could be revealed over the next month or two.... and Sept 7 will be only the beginning of the news to be reported...

Volume has been talked about before.... and this news might be one p art of the formula to find out how much volume Bavi and Peregrine can be expected to hold