Avid Bioservices Inc (CDMO)

[sulaco]

Geo, you got it - it's a psych trap


Selling at $5.00 expecting to buy more with a retracement will ultimately burn many, many investors.


When PPHM goes parabolic, those early sellers will be so psychologically traumatized, there's no way they re-enter at $10, even though the price may readily go on to $24-30 pps.

They just won't be able to do it. They will consider themselves a failure having taken a 50% haircut to their holdings. NO WAY do they re-enter.

They will move on to "green shoots" hoping to make a quick killing and recoup "what might have been."

We all know where that road leads.


Best,

Joe