Replies to post #340850 on Avid Bioservices Inc (CDMO)

[Preciouslife1]

Fair question but see the statistics posted yesterday of buys vs sells!
Why always a takedown in my vernacular?? Because there is ZERO NEWS unless it’s privvy information which again is illegal to act upon; hence the share price goes up on POSITIVE NEWS, EARNINGS AND OUTLOOK PROVIDED BY MANAGEMENT OF A COMPANY!
To lose 9 points rapidly without an iota of bad news is a TAKEDOWN and a Shaking of the tree to cause FEAR & TREPIDATION!
Stocks or securities go up or down based upon various criteria such as earnings, analysts projections, market sentiments and news flow!
Hope this answers your inquiry but IF YOU ARE A SHAREHOLDER, why aren’t you asking the same?

[swg_tdr]

the MM are still on vacation. Junior cannot handle stuff.

[Wildhorses]

jbain,

By my reckoning, 23.8 or so is a beautiful bullish gartley pattern buy point. Kind of matches with Protectors "w's" sermon.

Another comment. Price means nothing without volume - both up and down. I think most people on here are amazed at the large moves down on little volume. Takes many more steps up on small volume to cover the same territory. That's the market in general - not just CDMO.

Finally, hopefully something of interest, rather than me blabbering. As of today on IBD, CDMO is rated:

Number 5 in the group of Medical-Biomed/Biotech stocks. (VRTX, AMPH, REGN, and EVO are higher)

The group unfortunately is currently ranked 123 out of 197 sectors.

Current RS (Relative Strength) rating is 96 - that's excellent.

Accumulation/Distribution Rating is B - strong.

Up/Down Volume is 1.8

% Change in Funds Owning Stock - 4%

Qtrs. of Increasing Fund Ownership - 5

Still looks awful good to me. Just saying.

Regards,

WH