This may end up being one of the biggest consolidation runs in this history of this stock! Tomorrow, the longs will have it and the MM's won't be able to keep it down! Breaking $0.50 tomorrow IMO.
IMO, when a company gets FDA approval, it'll run big the day the news come out, spike up a little bit the next, and then begin its decline after that.
APCVZ is a unique case because diggers found out about the news friday, in which it made its big run up to the .40 range. Monday spiked up as well. Today was just the leftovers.
In other words, it already made its run and is now dying down.
FML, I took a loss on this one, I had doubts about this stock, but went in anyway.
Why would people panic sell this stock when it JUST GOT FDA approval...
Probably because APCVZ is not a stock, and APCVZ didn't get FDA approval, APP did, which is a subsidiary of a conglomerate that may or may not have to pay out some money on APCVZ, which is worthless if they don't.
Only 22 million potential sales on that FDA approval if they capture the entire market. Hardly earth shattering news.
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