Replies to post #236577 on Avid Bioservices Inc (CDMO)

[north40000]

Very volatile---even MRK down 5% this week. Sector rotation?

[stoneroad]

All 144 biotechs that make up the IBB are down today.

[eastcoastguy]

NBI or the Naz Bio Index is rolling over on a technical basis and taking all the BP's with it. In a general market sense so is the S&P. I thought after the 8/24 lows the S&P would get back to the 200 dma or 2040 before resistance but the pop to 2020 looks to be it. More than likely the general market is headed back to test the S&P 1867 low. My guess is there might be a small rally there but every rally is being sold so I don't think that will be the low.

PPHM will get buffeted by the general market baring any favorable news. Used the weakness today to buy another 9775 shares at 1.01

fun, fun,
eastcoastguy