Probably should not be investing in microcap biotechs bringing new technology to market, especially if it is absolutely brand spanking new and involves cell based technology. This is the nature of things.
And contrarily to your point, if I had traded this, I could have easily made a lot of money. I'm a long. And I know from experience that trading often results in losing an opportunity, not gaining it. These stocks are very volatile, but I was up well over a thousand percent for 5 years. It happens to be down. The rest of the market has been down. Until not too long ago, this was well ahead of many blue chip stocks for the 5 year mark. What is likely in the future, assuming approval, is this will be many, many times further ahead of where it was before. But the reality is, most investors have no patience to hold for these kinds of stocks. Those investors should be in index funds mostly. Some can handle some basic technology stocks but they should not be in microcap biotech stocks.
The other issue with tiny stocks is larger potential buyers can tire out retail longs intentionally by 1) sinking the stock; and 2) convincing enough of them that they were stupid to believe. This is a game that happens continually as those same buyers HATE, hate, hate that they did not get it when it was cheap, but they also did not want to tie up their capital. That is their argument to longs: Oh you poor things, your capital has been tied up while I was making money over here. You should give it up now and sell. When it hits their target price or when the big news hits, they will hope to have gotten the price far down enough that when they buy it's basically just instant money and they made money on the way down, convincing retail to sell.
This is where the WSB's "Apes" argument comes from. Basically it goes, right back to the shorts, who make these arguments, I'm too stupid to sell, I'm an APE. And they express it in myriad colorful ways, entertaining each other, as apes do.
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