Not the first time the stock has declined without obvious reason.
No bad news, actually good news with Navi approval, even reaffirmed revenues yet pps is depressed.
I always have a limit buy in on OBLN since these dips happen from
time to time.
Cant always come up with a rationale for the movements, but when there doesnt appear to be one I try to take advantage of them if there is no fundamental change.
Also, with the low market cap I think this is a possible takeover candidate. It has a product superior to the fluid filled balloons.
"I was trying to get some rationale about maybe insiders had taken their easily due profits, from some previous of their lower priced stock ownership issued. When the stock price shot up on the FDA Approval PR effect.
As (at that time) the ISSs shares were really low in number, I also speculated that perhaps a stock placement was happening and company insiders had not notified retail investors it was coming into effect at the roughly same time the FDA Approval notification had its dramatic effect on stock price rise.
I had no 'insider info' and wanted to see if anyone else could come up with any other ideas what was behind the volume and price fall after the stock zoomed up in price. It appeared to me rather that the best notion of what the chart info was displaying might well be one or both of the theories I spoke of (as to price moves).
Forgive me if it was confusing, but I tend to suspect these price movements are not just random market activity . . . nor necessarily day-trades . . . . But I can certainly be wrong in that explanatory attempt.
I continually seek to understand what is effecting charting activity, and thought others might have some ideas also; as I am an amateur stock investor and trader and poster.
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