InvestorsHub Logo

insidernews

03/24/24 6:55 PM

#681030 RE: ilovetech #681029

But, generally in that case the stock probably already had a run up

jimmy667

03/24/24 8:20 PM

#681040 RE: ilovetech #681029

There are at least hree possible reasons a stock would dive on FDA Approval
1. The first and obvious normal one would be the stock ran up then FDA Approved but with a black box warning. 2. Stock ran up and all assumed it would be approved so no surprize and nornal profit taking sell the news on execition risk. 3. Heavy shorted stock on OTC that most instititions can not buy and of a small market cap and large float that the MM can easily msnipulate on behalf of Hedge Fund clients and their own accounts.
NWBO should ideally Partner Up and Uplist to a Major Exchange prior to Approval

attilathehunt

03/24/24 11:51 PM

#681090 RE: ilovetech #681029

Was it HGSI. Their lupus drug got approval it ran from single digits to mid 30s before getting sold for about 18 if I remember correctly.