Citigroup setting a price target of $6 was an easy tell imo that an offering was near. Their speculation without data to support it was way out there. No one knows the future. The herd simply reacted to that, probably mostly traders, but certainly some investors. Volatility came in and many took advantage.
Results will take this on up big time imo. Longs know to ignore the day to day.
Just my thoughts anyway. This manipulation runs rampant in bio land.
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