Wow, 1 million shares and 2-3 ticks over 10% and everyone goes bonkers. We have traded over 4 million shares in a day and have gone down at the end of the day.
Im not shaking my pom poms like everyone else because this doesnt pass the muster. Sava, Anvs, Inmb all up today, this is just another general biotech sector run.
We need to get to $20-$30 sustained….minimum before fair value can be applied. This is psychological warfare both up and down folks.
We have no news folks, wait before you set yourself up for failure.
The most likely possibility to me is that short selling has finally culminated and that we are seeing the beginning of short covering or institutions giving up on getting in for a lower price and beginning to buy without waiting any longer. We'll see if this move strengthens in the next few days.
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