Avid Bioservices Inc (CDMO)

[skweze]

Just my humble opinion: there is significant variance in the PPS of clinical stage biotech companies for all the reasons stated below and then some. A linear chart would be highly unusual. You get lots of zigs and zags - potentially profitable if you're a day trader, but for long investors, inconsequential vs future peak sales expectations unless there is a significant negative event.

You are deluding yourself if you believe this has anything to do with "stats" or "numbers backing it up" not appearing in the PR. It is manipulation, gamesmanship and sowing of FUD, plain and simple. It is apparently working its intended effect on you, as your comment indicates you are starting to have doubts. Why are you having doubts? Because of what the PR stated or because of what the stock price is doing this afternoon? If the pps was up 50 cents, you would be thinking the PR was fantastic, correct? You would not be overanalyzing what was in it. This is proof that the FUD and market manipulation is having its intended effect.