Thinly traded stocks are usually very volatile. And, this one has been attacked regularly enough that many are simply afraid to buy here.
Being that it is very difficult to short stocks in this price range with any meaningful amount of shares I sometimes wonder if some are simply trying to buy in at lower prices. We'll never know the reality of why anyone is buying, selling, or saying the things they do.
In the meantime, I've simply been holding. Real life has captured my attention away from the market and these boards for the most part.
Our day will come once we see a partnership or buyout for one drug or the entire company. I have no preference at this point and simply wait to see how it all unfolds.
A partnership or sale could be announced at any time if one is in the making. Other than that, I look forward to the upcoming Prurisol ph2b Psoriasis trial results which are close. The company has stated they anticipate them to be released this quarter.
In Reply to 'DaubersUP'
Nice day here! My thoughts since seeing the certain posters here hitting so hard that past weeks and then really hard this week early is it was all manipulation and or air shares. And now back to where we started....... I feel bad for those who got juked and possibly lost their shares due to the financial terrorists.
Our day WILL come!
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