Avid Bioservices Inc (CDMO)

[investingdog]

<< One other note...it makes no sense to see todays price for PPHM, no sense at all! >>


Agreed, it makes no sense if you look at fundamentals alone. No new info in CC other than AVID doing good and lower cash burnout rate. Most other stocks would be flat to slightly up on such CC, but this is not an average stock.

Not enough serious buyers today, they all know if they wait a little more the PPS will go down - very predictable. Look at the trading patterns - when this stock goes up it is always with high volume as many jump on the band-wagon expecting a strong run and afraid they will miss major opportunity, a classical example of greed at work.

After it peaks the day-traders get off and the pullback begins, this time fueled by fear. In the next few days or weeks it may go down to 1.20s again, and at that point it will be such a screaming buy that many will not be able to resist and will start buying in or adding pushing it higher again. The roller-coaster will continue till we get some news, rumors, partnership, buyout etc.

Seems like most investors never learn the very simple trade - sell into the rally and buy back on pullback. Why is that so hard?