An alternative point of view is that EACH of the scientists and researchers thinks he has The Answer.
I just can't buy into all that manipulation crap. Certainly, while RGC had its claws stuck in they short-pressured the stock; they either wanted to wind up owning the company, or even more crass, they simply didn't want to ever have to cover their shorts - no matter how low the price. That would be the nature of death spiral financing. But that is long gone done and over with.
It seems to me that the short interest is primarily hedges against long positions in one form and another plus some of those erstwhile retail shorts who grace us with their loudmouthed arrogant presence from time to time.
The trading volume on any given day, 100K - 150, 200K shares is a pittance. A few active traders, longs among them, can make that happen in a flash. Campbell alone has bragged that on some days he's responsible for 10% of the volume all by himself. Then there are biotech "funds" and their programmed trading. I read a while back that there is some sort of amazingly huge percentage - market wide - of all trades that are computer generated. (I don't remember the number at the moment) Those machines don't hesitate and they don't waver. Meet the algorithm parameters and they execute - until someone changes the programming.
And yes, of course I believe there is industrial espionage, zealots and the like that are afoot. It's just that they seem to be a very long way from any big, well financed organized effort at manipulation. I suppose it depends on definitions. OTOH, I certainly wouldn't put it past some of the rabid RR to throw money against hESC, but it looks to me like financing lawsuits, RR Republican candidates, churches and negative PR campaigns take priority just now. With low volume, it doesn't take all that much - by anybody - to pressure the price. As I repeat, selling is selling, no matter who's doing it.
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With respect to Yahoo, please please please just let it die. It's a preschool room with a bunch of unprincipled juveniles. Pretty much the only posters over there worth reading are Leo, Tex and Yalegrad and it doesn't take much to only see their posts. As long as Yahoo is getting clicks and responses it's reporting page views to its advertisers and goes on and on and on and on. They like their mosh pit of invective, it produces $.
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