Avid Bioservices Inc (CDMO)

[investingdog]

<< No partner is going to pony up what PPHM wants until the FDA says it's a go. and why would they? >>


Absolutely right. The board is very emotional and irrational. We go down for two days in a row and we have gloom and doom in every post. A couple of days ago when it was trading close to 1.50 board was celebrating and salivating about $30 share price, buyout, partner etc.

C'mon, sober up. Volume is low and MMs can walk the price up or down, whatever they want to do on a particular day. Stock will stay in the trading range till we get some news. So, be prepared for more of the same for the next few weeks or few months.

In the meantime just buy little more on the bottom of the trading range and sell higher or write a few calls. It's never a bad idea to bring the average cost down a bit.