This is obviously retail getting scared, the stock moves up 20cents and then is walked right back down to the low. Shorts just wait there to cover . A little bit too easy. And all I read on the forums now is negative.. I got here late but when the stock ran to 6$ twice what was the general sentiment here ? And what really has changed since then ? Besides raising some cash to get this product closer to FDA approval?
Institutions could've dumped because the loss crosed their tolerance threshold, or they could have been selling to cover their clients cash out demand.
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