Avid Bioservices Inc (CDMO)

[chenzo11]

I see this as normal consolidation and nothing more.

Remember on Dec 3rd we reached $1.64 and then pulled back to the $1.20 area. A 27% pullback, then stayed there for a few weeks.
The latest run peaked at $2.78 and is now settling in @ $2.15. A 23% pullback.

I don't see this as ATM selling. There just isn't the volume there. In the last 9 days, we have traded only 33mil shares total (approx)

This is normal consolidation and accumulation prior to our next leg up. It is my experience that when a stock trades this tightly a big move is near. One way or the other.

I think the contest has some alittle impatient. We are laying our heads down at night and thinking what if PPHM hits $10 tomorrow, hits $20...., hits $50!!! As many have said here before, if the science works we won't have to worry about the share price