Replies to post #33861 on Humanigen Inc (HGENQ)

[DonDonDonDon]

Why is the share price down today if there's a good chance it pops to the $7's next week?

The massive share price crash that happened on 9/9 provided a huge tax harvest opportunity. Investors have had massive gains overall in 2020 and 2021. Some of 2020's gains had been pushed into 2021. So many investors harvested those losses on 9/9 for tax purposes to offset other big gains. Short term capital gains taxes are such a high percentage that an investor that has the opportunity to harvest massive losses will do so regardless of how they feel about the stock. Many will come back when the 30 days is over.

HGEN was over $7 in premarket today. It will hit $7 again next week.