This strategy might work for some stocks but he certainly wasn't referring to speculative biotech's with red flags such as insider selling on the day before dilution. The guy pretending to want the stock to go down so he can buy cheap shares is pretending to be confident and it makes him look scared. He is worried about lack of contract news just like everyone else (and he also realizes that if a contract exists that is worth anything we wouldn't be seeing dilution and insider selling).
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