FACT: MM's worked weak hands well
Facts don't lie, and if you were monitering the level II and III quotes today you would see that the bid at .09-.10 late in the day after news release was PASSED over many times while the MM shorts STARTED the downturn. The MM's do not have to be the bulk of the selling.
Just start the sheep in the right direction and bingo.
Plus, many (I've been to the stock seminar") supposed smart traders took profits. Get a real job.
If you look at the bashers now on this site, where were they over the last month? Realize that there are PAID bashers, yes paid bashers that show up to continue a stock price decline.
Many MM's shorted this stock and took the oppty at news release to start a downturn that the weak hands followed.
I say this only because the facts seen on the level II trading late in the day prove it!
This drug approval (which has Phase III approval per news release) is a virtually a nontoxic drug to treat sickle cell anemia in which millions in Nigeria have. Most importantly, the President is (yes using XKEM) and this drug to expand the biotech industry in Nigeria. That's why he is having a huge presentation today on the launch. This equals large revenues for XKEM. Seeing the frankfurt bids higher is a good sign.
Thanks for info.
As always, not a buy or sell recommendation. My opinion only.Do your own due diligence.
Best Regards
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