Replies to post #183428 on Avid Bioservices Inc (CDMO)

[4OurRetirement]

Thanks North40000, Good Splash of Reality. GLTA RealStockholders!

[stockweiser]

Glad you brought this up because I felt like mentioning it that this is more than likely were down as well as the market itself.

[dia76ca]

N40000...and don't forget the continuing effect of Janet Yellen's attack on the allegedly overvalued small biotechs! Small biotechs are the research elite special forces of the biotech and pharma industry. PPHM and other small biotechs are doing the innovative research that the Big Pharmas are not doing...or are not doing well.

The government should be leading the battle against cancer, alzheimers and other very difficult diseases. Instead we hear Janet Yellen singling out the leaders in this fight as being "overvalued"! What a fool. She should be fired!

[Frustrated]

Please market near all time highs and pphm near lows at 1.62. overall market only convenient when market down. Enough with the excuses.

[sunstar]

'north40000', thanks for pointing that out. I have been noticing for some time now that PPHM mimics the wider market in timing and direction. Major top tier tech stocks like GOOGL, TSLA, and AAPL are very often in virtual lockstep with PPHM. These are mainstream large cap tech companies, unlike PPHM which hasn't broken the surface yet, but we are very much influenced, already, by the major capital flows.

An important PR for any one of these companies can move them independently on a particular day, but otherwise, PPHM is clearly related to the background of the wider market.

Watch 15 min. charts over a week or two, and see if you notice the similarities among these companies in timing and direction.

IMO

sunstar

[lemmy]

Hmmm, other stocks I own were up for the day, despite the horrible tragedy in the skies above Ukraine. As usual, just more & more excuses for PPHM poor performance.